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STOCK ISSUANCE (PAR, NO-PAR, AND STATED VALUE) The following indepen- ent stock transactions occurred during January 20- for various corporations: (a) Issued 6,000 shares of
STOCK ISSUANCE (PAR, NO-PAR, AND STATED VALUE) The following indepen- ent stock transactions occurred during January 20- for various corporations: (a) Issued 6,000 shares of $10 par common stock for $60,000 cash. (b) Issued 4,000 shares of $10 par common stock for $52,000 cash. (c) Issued 5,000 shares of no-par common stock for $$5,000 cash. (d) Issued 4,000 shares of no-par common stock for $42,000 cash. e) Issued 6,000 shares of no-par common stock with a stated value of $8 per share for $48,000 cash. Issued 3,000 shares of no-par common stock with a stated value of $8 per share for $25,000 cash f)
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