When 1000 Shares of $3 Stated Value Common Stock Is

question 193

Multiple Choice

When 1000 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-Common 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-Common
• D) the accounting is exactly the same as the accounting for par value stock

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Definitions:

Spatial Concepts

The understanding and cognitive processing of how objects or features are located in space relative to one another.

Visual Relationships

The way visual elements are perceived in relation to each other and the overall composition in a visual field.

Relational-Organizational Hypothesis

The theory that complex information is remembered better when it is organized in a meaningful relational manner.

Method Of Loci

A mnemonic technique that involves associating items to be remembered with specific physical locations.