Question

Spridget Company has 1 million shares of common stock authorized with a par value of $3 per share, of which 600,000 shares are outstanding. The company received $7 per share when it issued shares to the public.

Required:
What is the book value of the Common stock par account and the Additional paid-in capital account?



$1.99
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  • CreatedSeptember 10, 2014
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