Crown Brewing issued new shares in 2021 but some investors had not paid their capital\ contribution by December 31st, 2021. Hence, Crown Brewing recognizes a contributed capital\ receivable. No other transactions affected the account Common Stock during 2021.

 (a) How high was the value of the shares issued by Crown Brewing in 2021? 

(b) How much cash has Crown Brewing received in exchange for the shares issued?

Answer rating: 100% (QA)

Given information Crown Brewing issued new shares in 2021 Some investors had not paid their capital contribution by December 31st 2021 Crown Brewing r... View the full answer