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The entry to record the issuance of common stock at a price above its par value includes: Multiple Choice A credit to a liability account

The entry to record the issuance of common stock at a price above its par value includes:

Multiple Choice

  • A credit to a liability account for the difference between the price paid by the stockholders and the par value of the stock.

  • A credit to Cash.

  • A debit to Common Stock.

  • A credit to Additional Paid-in Capital: Common Stock.

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