Question
A company is started in Year One and has 100,000 shares of common stock authorized with a par value of $10 per share. The company
A company is started in Year One and has 100,000 shares of common stock authorized with a par value of $10 per share. The company issues 20,000 shares of this stock for $21 per share in Year One and another 10,000 shares for $24 per share in Year Two. What is recorded in the company's Common Stock account at the end of Year Two?
_$240,000
_$300,000
_$1,000,000
_$660,000
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Cost Management
Authors: Don R Hansen, Maryanne M Mowen, Dan L Heitger
5th Edition
357141091, 978-0357141090
