Manor House Restaurants issued 5,000 shares of no-par common stock for ($ 6) per share. Record issuance

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Manor House Restaurants issued 5,000 shares of no-par common stock for $\$ 6$ per share. Record issuance of the stock if the stock

(a) is true nopar stock

(b) has stated value of $\$ 2$ per share. Which type of stock results in more total paid-in capital?

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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Question Posted: May 11, 2024 11:02 PM

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Manor House Restaurants issued 5,000 shares of no-par common stock for ($ 6) per share. Record issuance

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Accounting

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