Caesar Company Issued 1,600 Shares of Its $2 Par Value

question 121

Multiple Choice

Caesar Company issued 1,600 shares of its $2 par value common stock for $16 per share. They will record ________ in the common stock account at par value and ________ as additional paid-in capital in excess of par-common.

• A) $3,200; $25,600
• B) $25,600; $3,200
• C) $3,200; $22,400
• D) $22,400; $25,600

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Definitions:

Simplify

To reduce a mathematical expression to its simplest form by performing operations and combining like terms.

Evaluate

The process of calculating the value of an expression.

Simplify

To simplify an expression means to reduce it to its simplest form, by performing all possible operations and combining like terms.

Evaluate

To calculate the value of an expression by substituting variables with given numerical values and performing the operations in the expression.