A firm issued 5,000 shares of $1 par-value common stock, receiving proceeds of $20 per share. The amount recorded for the paid-in capital in excess of par account is ________
A) $5,000
B) $95,000
C) $100,000
D) $0
B
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A company typically uses ________ when an ingredient is used in or as part of another company's products
A) VARs B) OEMs C) APIs D) SCMs
If comparative balance sheets indicate no notes receivable on the preceding year and a $48,000 note receivable on the current year, the increase of $48,000
A) can be stated as 0% B) can be stated as 100% increase C) cannot be stated as a percentage D) can be stated as 500% increase
Money market instruments
A) are usually sold in large denominations. B) have low default risk. C) mature in one year or less. D) are characterized by all of the above. E) are characterized by only A and B of the above.
True or False When events are mutually exclusive, two or more of them can happen at the same time
Indicate whether the statement is true or false