Yardin, Corp., issued 1,000 shares of no-par common stock for $12 per share. Requirements 1. Record issuance
Question:
Yardin, Corp., issued 1,000 shares of no-par common stock for $12 per share.
Requirements
1. Record issuance of the stock if the stock
a. is a no-par stock and
b. actually has a stated value of $9 per share.
2. Which type of stock issuance results in more total paid-in capital?
Common StockCommon stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Req 1 Journal DATE ACCOUNTS POST REF Dr Cr a Cash 1000 shares x12 12000 Common st...View the full answer
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