Ace, Inc. issued 10.000 shares of stock with a par value of $10 per share. The total issue of stock sold for $15 per share. The Journal entry to record this transaction would include a credit to Common Stock for $100,000 credit to Additional Paid-in Capital for $100,000 credit to Common Stock for $150,000 debit to Cash for $100,000 Which of the following is a limitation of the balance sheet? Judgments and estimates are used. (Such estimated useful life and estimated residual value, which would impact the value shown for certain assets.) Generally, current fair value is not reported. Many items that are of financial value such as a stong workforce are omitted All of these answer choices are correct