Question:ABC Corporation issues 1,000 shares of $10 par value common stock at $12 per share. In recording the transaction, credit are made to: 

A Common Stock $10,000 and Paid-in Capital in Excess of State Value $2000. 

B Common Stock $2000. 

C Common Stock $10,000 and Retained Earning $2000. 

D Common Stock $10,000 and Paid-in Capital in Excess of Par Value $2,000 

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