On February 1,authorized Common Stock Was Sold on a Subscription

question 19

Multiple Choice

On February 1,authorized common stock was sold on a subscription basis at a price in excess of par value,and 20 percent of the subscription price was collected.On May 1,the remaining 80 percent of the subscription price was collected.Additional Paid-In Capital would increase on February 1 May 1

• A) No Yes
• B) No No
• C) Yes No
• D) Yes Yes