Oscar Corporation received a check from its underwriters for $78 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $78 per share Which is the correct entry to record the issue of the stock? Multiple Choice Cash Deferred stock issue revenue Common stock Paid-in capital-excess of par Cash Stock issue expense Stock contract receivable Cash 78,000,000 29,000,000 5,000,000 44,000,000 78,000,000 29,000,000 49,000,000 < Prev 10 of 30 Next >