When 1,000 shares of $3 stated value common stock is issued at $18 per share, ________
A) Common Stock - $3 Stated is credited for $18,000
B) the account titled Paid-In Capital in Excess of Stated is used to record the issue price of the stock
C) the difference between the issue price and the stated value is credited to Paid-In Capital in Excess of Stated
D) the accounting is exactly the same as the accounting for par value stock
C
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Which of the following are potential drawbacks of a decentralized federation structure, where a parent company establishes different national subsidiaries?
a. Decisions may be made wholly in terms of local relevancies, which may not always serve the interests of the centre b. Duplication of effort and cost inefficiencies as each periphery replicates functions locally, on a small and more costly scale c. Resistance to innovations from subsidiaries who view themselves as rival centres in the federation d. All of the above
Domestic firms do not have foreign exchange risk
Indicate whether the statement is true or false.
As a result of new public laws, accountants are beginning to perform more technical duties, such as auditing systems and networks
Indicate whether the statement is true or false
Which of the following statements is(are) false?
I) Risk-averse investors reject investments that are fair games. II) Risk-neutral investors judge risky investments only by the expected returns. III) Risk-averse investors judge investments only by their riskiness. IV) Risk-loving investors will not engage in fair games. A. I only B. II only C. I and II only D. II and III only E. III and IV only