Florin Corp issued 3,000 shares of common stock (which had a $1 par) for $45 each....

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Florin Corp issued 3,000 shares of common stock (which had a $1 par) for $45 each. How should this transaction be recorded? Balance Sheet Assets Liabilities Stockholders' Equity *A* *B* *C* ▼ *D* + *E* *F* *G* *H* Statement of Cash Flows Income Statement *1* *J* *K* *L* II Florin Corp issued 3,000 shares of common stock (which had a $1 par) for $45 each. How should this transaction be recorded? Balance Sheet Assets Liabilities Stockholders' Equity *A* *B* *C* ▼ *D* + *E* *F* *G* *H* Statement of Cash Flows Income Statement *1* *J* *K* *L* II

Answer rating: 100% (QA)

Proceeds from issue of common stock 3000 shares 45 135000 Out of ... View the full answer