Question
During the year, Irving Park Company issued 6,000 shares of its $0.50 par value common stock for $7.50 per share, and declared and paid cash
During the year, Irving Park Company issued 6,000 shares of its $0.50 par value common stock for $7.50 per share, and declared and paid cash dividends totaling $0.50 per share. By what amount does contributed capital increase as a result of these events?
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0470534788, 978-0470534786
