Question
If Atila Company issues 2,000 shares of $10 par value common stock for $55,000, the account Paid-In Capital in Excess of Par Value will be
If Atila Company issues 2,000 shares of $10 par value common stock for $55,000, the account Paid-In Capital in Excess of Par Value will be credited for a) $35,000 b) $55,000 c) $20,000 d) $53,000
Can you show the calculation for this?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077400163
