Question
Caesar Company issued 1,500 shares of its $1 par value common stock for $5 per share. They will record ________ in the common stock account
Caesar Company issued 1,500 shares of its $1 par value common stock for $5 per share. They will record ________ in the common stock account at par value and ________ as additional paidminus inminus capital.
A. $2,500; $5,000
B. $7,500; $1,500
C. $1,500; $6,000
D. $1,500; $7,500
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Auditing Principles A Systems Based Approach
Authors: Howard F. Stettler
5th Edition
0130517224, 9780130517227
