A Company Issued 60 Shares of $100 Par Value Common

question 200

Multiple Choice

A company issued 60 shares of $100 par value common stock for $7,000 cash.The total amount of paid-in capital is:

• A)$100.
• B)$600.
• C)$1,000.
• D)$6,000.
• E)$7,000.

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