Question
JKLCompanyissued1,800sharesof$50parvaluecommonstockfor$55pershare on July 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 1,800 shares of $50 par value common stock for $55 per share on July 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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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
7th edition
1259722635, 978-1259722639
