One thousand shares of $10 par capital stock issued for $15 per share will be presented on the balance sheet as: a. common stock subscribed to $15,000. b. paid-in capital of $15,000. c. common stock of $15,000. d. common stock of $10,000 and additional paid-in capital of $5,000.

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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One thousand shares of $10 par capital stock issued for $15 per share will be presented on the balance sheet as: solve this financial accounting question

One thousand shares of $10 par capital stock issued for $15 per share will be presented on the
balance sheet as:
a. common stock subscribed to $15,000.
b. paid-in capital of $15,000.
c. common stock of $15,000.
d. common stock of $10,000 and additional paid-in capital of $5,000.
Transcribed Image Text:One thousand shares of $10 par capital stock issued for $15 per share will be presented on the balance sheet as: a. common stock subscribed to $15,000. b. paid-in capital of $15,000. c. common stock of $15,000. d. common stock of $10,000 and additional paid-in capital of $5,000.
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