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sarah963 sarah963
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5 years ago
A corporation issues 14,000 shares of its $4 stated value common shares.  The issue price is $7 per share.  The credit to the Common Stock account is $98,000.
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
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wrote...
5 years ago
 FALSE
Explanation:  Common Stock is credited for the 14,000 shares issued times the $4 stated value ($56,000).
sarah963 Author
wrote...
5 years ago
Thank you for being such a great website leader! Your answer's right.
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