Question
3. The company issued 2,000 shares of $10 par common stocks for $16. What is the effect in the total paid in capital? a) Increase
3. The company issued 2,000 shares of $10 par common stocks for $16. What is the effect in the total paid in capital?
a) Increase by $32,000
b) Increase by $12,000
c) Increase by $20,000
You MUST show your calculations:
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Financial Accounting Reporting And Analysis
Authors: Earl K. Stice, James D. Stice
7th Edition
0324227329, 978-0324227321
