If Vickers Company Issues 5,000 Shares of $5 Par Value

question 218

Multiple Choice

If Vickers Company issues 5,000 shares of $5 par value common stock for $175,000,

• A) Common Stock will be credited for $175,000.
• B) Paid-In Capital in Excess of Par will be credited for $25,000.
• C) Paid-In Capital in Excess of Par will be credited for $150,000.
• D) Cash will be debited for $150,000.

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