Question
Golden Eagle Corporation issues 100 shares of $10 par value common stock for $50 per hare. This transaction will include a credit to Common Stock
Golden Eagle Corporation issues 100 shares of $10 par value common stock for $50 per hare. This transaction will include a credit to Common Stock for:
A. $1,000 and a Gain on Issue of Common Stock for $4,000.
B. $1,000 and a credit to Retained Earnings for $4,000.
C. $1,000 and a credit to Paid-in Capital for $4,000.
D. $5,000.
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Financial Accounting
Authors: Pauline Weetman
6th Edition
0273789252, 978-0273789253
