Question
Helmet Inc. issued shares of its $3.50 par value common stock for $9.50 per share. In recording the issuance of the stock, Helmet credited the
Helmet Inc. issued shares of its $3.50 par value common stock for $9.50 per share. In recording the issuance of the stock, Helmet credited the Additional Paid-In Capital - Common Stock account for $390,000.
How many shares were issued?
Group of answer choices
65,000
111,428
41,052 30,000
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Case Studies In Forensic Accounting And Fraud Auditing
Authors: Professor D. Larry Crumbley, Wilson LaGraize, Christopher E. Peters
2nd Edition
0808041932, 978-0808041931
