When 1,000 Shares of $3 Stated Value Common Stock Is

question 138

Multiple Choice

When 1,000 shares of $3 stated value common stock is issued at $18 per share,________.

• A)Common Stock - $3 Stated is credited for $18,000
• B)the account titled Paid-In Capital in Excess of Stated is used to record the issue price of the stock
• C)the difference between the issue price and the stated value is credited to Paid-In Capital in Excess of Stated
• D)the accounting is exactly the same as the accounting for par value stock

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Definitions:

Approximately

Used to indicate that a number is not exact, but close to a certain value.

Hyperpolarization

An increase in a cell's membrane potential, making it more negative and less likely to fire an action potential.

Neurotransmitter Release

The process by which neurons release chemical messengers into the synaptic cleft, allowing them to communicate with adjacent cells.

Decrease

Decrease refers to a reduction in quantity, size, intensity, or the level of something.