C&S Corp. issued 66 shares of its $1 par value common stock for $11 per share. Issue costs were $86What amount would they record as Additional Paid-In Capital-Common Stock?Type your answer.....

When companies issue common stock, the stock is sold through brokers to their retail or…

Answered: C&S Corp. issued 66 shares of its $1…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 12MC: A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting...

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A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting journal entry would include which of the following? A. a credit to common stock B. a credit to cash C. a debit to paid-in capital in excess of preferred stock D. a debit to cash
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The balance sheet caption for common stock is the following: Common stock, $2 par value, 2,070,000 shares authorized, 1,310, 000 shares issued, 1,050,000 shares outstanding $? Required: a. Calculate the dollar amount that will be presented opposite this caption. b. Calculate the total amount of a cash dividend of $0.27 per share. c. What accounts for the difference between issued shares and outstanding shares? a. Amount b. Cash dividend c. Difference between issued shares and outstanding shares
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KA.
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12. All the 200 treasury shares were sold for P 22,000. How would the resale of the treasury shares be recorded?13. As a result, the effect on the total Additional Paid In Capital would be ____________________ (indicate increase or decrease)
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C&S Corp. issued 66 shares of its $1 par value common stock for $11 per share. Issue costs were 586 What amount would they record as Additional Paid-In Capital-Common Stock? Type your answer.....