Question
Carson Packaging Corporation began business in 2012 by issuing 25,000 shares of $2 par common stock for S8 per share and 10,000 shares of
Carson Packaging Corporation began business in 2012 by issuing 25,000 shares of $2 par common stock for S8 per share and 10,000 shares of 6%, $10 par preferred stock for par. At year end, the common stock had a market value of $12. On its December 31, 2012 balance sheet. Carson Packaging would report O a. Common Stock of $50,000 Ob. Common Stock of $75,000 Oc Common Stock of $200,000 Od. Paid-In Capital of $75,000
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Accounting Principles Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
8th Canadian Edition
111950242X, 1-119-50242-5, 978-1119502425
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