Question
Opus Corp has decided to issue equity in order to raise capital to expand operations. The company has received approval from the board of directors
Opus Corp has decided to issue equity in order to raise capital to expand operations. The company has received approval from the board of directors to issue 100,000 shares of the companys common stock on May 1, 2020. On the date of issue, the common stock has a par value of $0.25 and a market value of $5. What amount will Opus Corp record as APIC- Common Stock on May 1, 2020?
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Frank Woods Business Accounting An Introduction To Financial Accounting
Authors: Alan Sangster, Lewis Gordon, Frank Wood
15th Edition
1292365439, 9781292365435
