Question
T. Noel Inc. issued/sold shares of its $0.40 par value common stock on May 4, 2020 for $6 per share. The journal entry to record
T. Noel Inc. issued/sold shares of its $0.40 par value common stock on May 4, 2020 for $6 per share. The journal entry to record this stock issuance transaction included a credit to the Additional paid-in capital account for $336,000 How many shares were issued on May 4, 2020?
- A. Cannot be determined
- B. 840,000 shares
- C. 56,000 shares
- D. 60,000 shares
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Financial Accounting For Decision Makers
Authors: Peter Atrill, Eddie McLaney
7th Edition
027378563X, 9780273785637
