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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
When 1,000 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 difference between the issue price and the stated value is credited to Paid-In Capital in Excess of Stated
C) the account titled Paid-In Capital in Excess of Stated is used to record the issue price of the stock
D) the accounting is exactly the same as the accounting for par value stock
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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7 years ago
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H3Ko Author
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#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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#3
7 years ago
Excellent Slight Smile
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