Apex Technologies Inc. issued 40,000 shares of common stock at $36 per share. The par value of each share is $5. • How much will be recorded as common stock? • How much will be recorded as additional paid-in capital?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
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Apex Technologies Inc. issued 40,000 shares of common stock at $36 per
share. The par value of each share is $5.
•
How much will be recorded as common stock?
•
How much will be recorded as additional paid-in capital?
Transcribed Image Text:Apex Technologies Inc. issued 40,000 shares of common stock at $36 per share. The par value of each share is $5. • How much will be recorded as common stock? • How much will be recorded as additional paid-in capital?
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