Question
MTR Company was authorized to issue 800,000 shares of $7 par. Of these it issued 350,000 shares for $18. The issue would be recorded
MTR Company was authorized to issue 800,000 shares of $7 par. Of these it issued 350,000 shares for $18. The issue would be recorded by increasing: Paid in Capital in excess of par for $3,850,000 O Paid in Capital in excess of par for $2,450,000 Common Stock for $6,300,000 Common Stock for $3,850,000
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
5th edition
978-1259317552, 1259317552, 978-0078025600, 78025605, 978-1259335013, 1259335011, 978-1259347641
