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

question 120

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 capital paid-in capital excess of par account?

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

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Definitions:

Consumer Electronics

Electronic equipment intended for everyday use, typically in private homes, such as smartphones, televisions, and computers.

B2B Sales Call

A business communication where one company pitches its products or services to another company.

Legally Accountable

The obligation to be answerable for actions or decisions according to the law.

Selling Process

A series of steps taken by a salesperson to identify and qualify potential buyers, present a product or service, address objections, and close the sale.