Question
Indiana Corp issued 1 million shares of its $2 par common stock for $151 million. Shortly after issuance, the value of the stock decreased to
Indiana Corp issued 1 million shares of its $2 par common stock for $151 million. Shortly after issuance, the value of the stock decreased to $148. What is the amount that should be credited to APIC excess of par to record the issuance of the stock?
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
IFRS Edition
978-1118443965, 1118800532, 9781118800539, 978-0470873991
