Question
JKLCompanyissued2,000sharesof$20parvaluecommonstockfor$25pershare onMarch1st,2023.Calculate:a)Totalproceedsreceivedfromtheissuanceofcommon stock. b) Additional paid-in capital. c) Book value per share after the issuance.
JKL Company issued 2,000 shares of $20 par value common stock for $25 per share on March 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
