If Lantz Company Issues 10000 Shares of $5 Par Value

question 239

Multiple Choice

If Lantz Company issues 10000 shares of $5 par value common stock for $210000

• A)Common Stock will be increased for $50000.
• B)Paid-in Capital in Excess of Par Value will be increased for $50000.
• C)Paid-in Capital in Excess of Par Value will be increased for $210000.
• D)Cash will be increased for $160000.