When collectibility is reasonably assured, the excess of the subscription price over the stated value of the
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subscription price over the stated value of the no par common
stock subscribed should be recorded as
No par common stock.
Additional paid-in capital when the subscription is recorded.
Additional paid-in capital when the subscription is collected.
Additional paid-in capital when the common stock is
issued.
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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