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Stellar Inc. issued 20,000 shares of common stock, $5 par value, for $28 per share on March 28, 2020. Related to this transaction, Stellar incurred
Stellar Inc. issued 20,000 shares of common stock, $5 par value, for $28 per share on March 28, 2020. Related to this transaction, Stellar incurred legal and administrative costs totaling $5,000, paid in cash. The $5.000 share issue costs Are capitalized and then amortized. Reduce the Paid-in Capital in Excess of Par-Common Stock account. Are reported as an operating expense in income statement. Reduce the Common Stock account.
Stellar Inc. issued 20,000 shares of common stock, $5 par value, for $28 per share on March 28, 2020.
Related to this transaction, Stellar incurred legal and administrative costs totaling $5,000, paid in cash.
The $5.000 share issue costs
Are capitalized and then amortized.
Reduce the Paid-in Capital in Excess of Par-Common Stock account.
Are reported as an operating expense in income statement.
Reduce the Common Stock account.
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