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Common stock with a total par value of $80,000 is issued at a total of $110,000. The $30,000 excess above the par value should be
Common stock with a total par value of $80,000 is issued at a total of $110,000. The $30,000 excess above the par value should be recorded as a CREDIT to which account? Question 42 options: APIC [ Additional Paid-In Capital] Common Stock Retained Earnings Treasury Stock Premium on Common Stock
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
6th edition
0-07-786223-6, 101259095592, 13: 978-0-07-7, 13978125909559, 978-0077862237
