Question
Shamrock Supply Corporation began business by issuing 260000 shares of $5 par value common stock for $24 per share. During its first year, the corporation
Shamrock Supply Corporation began business by issuing 260000 shares of $5 par value common stock for $24 per share. During its first year, the corporation sustained a net loss of $51000. The year-end balance sheet would report
A. Common Stock of $1300000.
B. Total paid-in capital of $6189000.
C. Total paid-in capital of $4940000.
D. Common Stock of $6240000.
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen
3rd Edition
0324002327, 978-0324002324
