Fundamental Accounting Principles
24th Edition
ISBN: 9781259916960
Author: Wild, John J., Shaw, Ken W.
Publisher: Mcgraw-hill Education,
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Chapter 13, Problem 4E
To determine
Issuance of Stock at par, stated and no-par:
Par value and stated value are the value of a stock as mentioned in the issuing company's charter. It is the minimum amount that must be paid per share and it's the value which is printed on the share certificate. Shares could be exchanged for services to promoters, attorneys etc or purchasing Assets like land, building etc.
To Understand:
Accounting entries involved for issuing shares at par, stated and no par under different circumstances.
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Chapter 13 Solutions
Fundamental Accounting Principles
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