Question
Procter & Gamble Co. issued 35,000 shares of common stock with a par value of $20 per share for $60 per share. Calculate: a) The
Procter & Gamble Co. issued 35,000 shares of common stock with a par value of $20 per share for $60 per share. Calculate: a) The total amount received from the issuance of stock. b) The additional paid-in capital. c) The total par value of the shares issued. d) The total number of shares issued. e) Discuss the implications of issuing common stock on the company's equity and financial position.
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
