When 100 Shares of $1 Par Value Common Stock Are

question 115

Multiple Choice

When 100 shares of $1 par value Common Stock are issued at $25 per share, Paid-in Capital in Excess of Par value-Common Stock will:

• A) increase $100.
• B) increase $2,500.
• C) increase $2,400.
• D) stay the same.

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