Question
If Coronado Company issues 8000 shares of $5 par value common stock for $161000, the account: Paid-in Capital in Excess of Par will be credited
If Coronado Company issues 8000 shares of $5 par value common stock for $161000, the account:
Paid-in Capital in Excess of Par will be credited for $161000.
Cash will be debited for $121000.
Common Stock will be credited for $40000.
Paid-in Capital in Excess of Par will be credited for $40000.
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Financial Accounting Reporting Analysis And Decision Making
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
5th Edition
0730313743, 978-0730313748
