ABC Corporation issues 1,000 shares of $10 par value common stock at $12 per share. In recording
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ABC Corporation issues 1,000 shares of $10 par value common stock at $12 per share. In recording the transaction, credits are made to:
(a) Common Stock $10,000 and Paid-in Capital in Excess of Stated Value $2,000.
(b) Common Stock $12,000.
(c) Common Stock $10,000 and Paid-in Capital in Excess of Par $2,000.
(d) Common Stock $10,000 and Retained Earnings
$2,000.
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Related Book For
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
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