Question
If Dakota Company issues 3,000 shares of $9 par common stock for $45,000, a.Paid-In Capital in Excess of Par will be credited for $27,000. b.Paid-In
If Dakota Company issues 3,000 shares of $9 par common stock for $45,000,
a.Paid-In Capital in Excess of Par will be credited for $27,000.
b.Paid-In Capital in Excess of Par will be credited for $18,000.
c.Cash will be debited for $27,000.
d.Common Stock will be credited for $45,000
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Cost Accounting A Managerial Emphasis
Authors: Srikant M. Datar, Madhav V. Rajan, Charles T. Horngren, Louis Beaubien, Chris Graham
7th Canadian Edition
133138445, 978-0133926330, 133926338, 978-0133138443
