If a Corporation Issues 5,000 Shares of $5 Par Value

question 52

Multiple Choice

If a corporation issues 5,000 shares of $5 par value common stock for $95,000, the entry would include a credit to:

• A) Common Stock for $95,000.
• B) Paid-in Capital in Excess of Par for $95,000.
• C) Common Stock for $70,000.
• D) Paid-in Capital in Excess of Par for $70,000.

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Definitions:

Havighurst

A developmental psychologist who introduced the concept of developmental tasks - a series of skills and competencies that individuals are expected to master as they move through different stages of life.

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