If a Firm Issues 10,000 Shares of Common Stock with a Par

question 108

Multiple Choice

If a firm issues 10,000 shares of common stock with a par value of $5 and for a sales price of $15,what amount would be recorded in the paid-in capital account?

• A)$10,000
• B)$15,000
• C)$50,000
• D)$100,000

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