Cates Corp. issued 8,000 shares ofno-par common stock for $10 per share. 1. Record issuance of the
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Question:
Cates Corp. issued 8,000 shares ofno-par common stock for $10 per share.
1.
Record issuance of the stock if thestock:
a.
is trueno-par stock.
b.
has stated value of $2 per share.
2.
Which type of stock results in more totalpaid-in capital?
Expert Answer:
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