Question
JKLCompanyissued2,000sharesof$10parvaluecommonstockfor$15pershareon April 1st, 2023. Calculate the total proceeds received by JKL Company from the issuance of common stock.
JKL Company issued 2,000 shares of $10 par value common stock for $15 per share on April 1st, 2023. Calculate the total proceeds received by JKL Company from the issuance of common stock.
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Survey of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
5th edition
1259631125, 978-1259631122
