× Didn't find what you were looking for? Ask a question
  
  
Top Posters
Since Sunday
26
21
21
21
20
19
19
19
18
18
18
18
New Topic  
wrote...
Posts: 346
Rep: 0 0
A year 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
Edition: 11th
Authors:
Read 15 times
2 Replies
Related Topics
Replies
wrote...
A year ago
 FALSE
Explanation:  Common Stock is credited for the 14,000 shares issued times the $4 stated value ($56,000).
wrote...
A year ago
Thank you for being such a great website leader! Your answer's right.
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  119 People Browsing
Your Opinion
Who's your favorite biologist?
Votes: 42

Previous poll results: Do you believe in global warming?
Related Images
 744
 43