When 9,000 Shares of $8 Stated Value Common Stock Is

question 73

Multiple Choice

When 9,000 shares of $8 stated value common stock is issued at $13 per share,________.

• A)Common Stock - $8 Stated is credited for $117,000
• 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:

Smooth Muscle

A type of muscle found in the walls of internal organs, such as the stomach and blood vessels, that contracts involuntarily.

Calcium-Calmodulin Complex

A complex formed when calcium ions bind to the protein calmodulin, playing a key role in various cellular processes.

Myofibrils

The basic rod-like unit of a muscle cell, composed of sarcomeres, which are responsible for the muscle's contractile properties.

Sarcomeres

The basic contractile units of muscle fiber, defined by the region between two Z lines, responsible for muscle contraction.