Question
JKLCompanyissued1,500sharesof$40parvaluecommonstockfor$45pershare on June 1st, 2023. Calculate: a) Total proceeds received from the issuance of common stock. b) Additional paid-in capital. c) Book value per share
JKL Company issued 1,500 shares of $40 par value common stock for $45 per share on June 1st, 2023. Calculate: a) Total proceeds received from the issuance of common stock. b) Additional paid-in capital. c) Book value per share after the issuance.
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Survey of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
5th edition
1259631125, 978-1259631122
