Super Co is a corporation with common stock. They have an investor who paid $1,000 for 500 of their $1 par stock. How would this be reflected in the equity section of the balance sheet? O Increase of Common Stock for $1,000 Increase of Common Stock for $500 and Additional Paid in Capital for $500 O Increase of Common Stock for $500 Increase of Additional Paid in Capital for $1,000 O O
Super Co is a corporation with common stock. They have an investor who paid $1,000 for 500 of their $1 par stock. How would this be reflected in the equity section of the balance sheet? O Increase of Common Stock for $1,000 Increase of Common Stock for $500 and Additional Paid in Capital for $500 O Increase of Common Stock for $500 Increase of Additional Paid in Capital for $1,000 O O
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Super Co is a corporation with common
stock. They have an investor who paid
$1,000 for 500 of their $1 par stock.
How would this be reflected in the equity
section of the balance sheet?
O Increase of Common Stock for $1,000
Increase of Common Stock for $500
and Additional Paid in Capital for $500
O
O Increase of Common Stock for $500
Increase of Additional Paid in Capital
for $1,000
O
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