Question
On February 1, 2019 authorized common stock was sold on a subscription basis at a price in excess of par value , and 20% of
On February 1, 2019 authorized common stock was sold on a subscription basis at a price in excess of par value , and 20% of the subscription price was collected. On May 1, the remaining 80% of the subscription price was collected.
Additional paid-in capital increased on February 1 May 1
a. No Yes
b. No No
c. Yes No
d. Yes Yes
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The Board Of Directors And Audit Committee Guide To Fiduciary Responsibilities Ten Critical Steps To Protecting Yourself And Your Organization
Authors: Sheila Moran CPA CFE, Ronald Kral CPA CMA
1st Edition
0814431666, 978-0814431665
