When 100 Shares of $10 Par Value Common Stock Are

question 115

Multiple Choice

When 100 shares of $10 par value Common Stock are issued at $53 per share, Paid-in Capital in Excess of Par value-Common will:

• A)increase $1,000.
• B)increase $4,300.
• C)increase $5,300.
• D)not be affected.

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