39. The days in receivable (365 days) are a. 552 b. 6.64 c. 5.60 d. 73 40.The par value per share of common stock represents a. the minimum selling price of the stock established by the articles of incorporation b. the minimum amount the stockholder will receive when the corporation is liquidated c. an arbitrary amount established in the articles of incorporation d. the amount of dividends per share to be received each year A corporation issues 1,500 shares of common stock for $ 32,000o. The stock has a stated (par) value of $0 per share. The journal entry to record the stock issuance would include a credit to Common Stock for a. $15,000 b. $32,000 c. $17,000 d. $2,000 41. 42. The entry to record the issuance of common stock at a price above par includes a debit to a. Organizational Expenses b. Common Stock c. Cash d. Paid-In Capital in Excess of Par-Common Stock If Everly Company issues 1,000 shares of $5 par value common stock for $75,000, the accoun a. Common Stock will be credited for $75,000. b. Paid-in Capital in excess of Par Value will be credited for $5,000. t 43. Paid-in Capital in excess of Par Value will be credited for $70,000. C. Cash will be debited for $70,000 d