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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Montgomery Auditing Continuing Professional Education
Authors: Patrick J. McDonnell, Barry N. Winograd, James S. Gerson, Henry R. Jaenicke, Vincent M. O'Reilly
12th Edition
0471346055, 978-0471346050
