January 1, 2009 - Betty and Al sold 600,000 more shares of the company to the general public in an initial public offering. The initial price per share was $15.40 Would this accounting entry go into common stock or additional paid-in capital? What is the difference between the two?

January 1, 2009 - Betty and Al sold 600,000 more shares of the company to the general public in an initial public offering. The initial price per share was $15.40 Would this accounting entry go into common stock or additional paid-in capital? What is the difference between the two?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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January 1, 2009 - Betty and Al sold 600,000 more shares of the company to the general public in an initial public offering. The initial price per share was $15.40

Would this accounting entry go into common stock or additional paid-in capital? What is the difference between the two?

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