Carson Packaging Corporation began business in 2012 by issuing 25,000 shares of $2 par common stock...
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Carson Packaging Corporation began business in 2012 by issuing 25,000 shares of $2 par common stock for S8 per share and 10,000 shares of 6%, $10 par preferred stock for par. At year end, the common stock had a market value of $12. On its December 31, 2012 balance sheet. Carson Packaging would report O a. Common Stock of $50,000 Ob. Common Stock of $75,000 Oc Common Stock of $200,000 Od. Paid-In Capital of $75,000 Carson Packaging Corporation began business in 2012 by issuing 25,000 shares of $2 par common stock for S8 per share and 10,000 shares of 6%, $10 par preferred stock for par. At year end, the common stock had a market value of $12. On its December 31, 2012 balance sheet. Carson Packaging would report O a. Common Stock of $50,000 Ob. Common Stock of $75,000 Oc Common Stock of $200,000 Od. Paid-In Capital of $75,000
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Solution Number of shares issued 25000 Par value of 1 common share 2 Issue price 8 Common stock wil... View the full answer
Related Book For
Accounting Principles Volume 1
ISBN: 978-1119502425
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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