Question
Max Corporation began operations in the current year and has the below information regarding the issuance of common stock: Stock Issued 10,000 shares Par Value
Max Corporation began operations in the current year and has the below information regarding the issuance of common stock:
Stock Issued
10,000 shares
Par Value
$2.00 per share
Market Value
$7.50 per share
What would be included in the journal entry to record this issuance of common stock?
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins
4th Edition
0073527092, 978-0073527093
