Aspen, Inc. issues 13,000 shares of $5 par common stock for $9.00 per share. The amount credited to paid-in capital in excess of par is:
A) $117,000.
B) $65,000.
C) $13,000.
D) $52,000.
D) $52,000.
Explanation: number of shares × (issue price - par value); ex: 13,000 ($9.00 - $5.00) = $52,000
You might also like to view...
Answer the following statements true (T) or false (F)
1. The recent structural trend is toward a taller organizational hierarchy. 2. Sabotage can be a form of resistance to change in the workplace. 3. Mistrust between change agents and employees can cause failure of well-conceived changes. 4. Innovative change is the least threatening type of change and is therefore least likely to create resistance.
A negotiation becomes more ________ when it becomes easier to resolve and ________ when it is more difficult to resolve.
Fill in the blank(s) with the appropriate word(s).
What are the three stages of the Mehrabian-Russell Stimulus-Response Model?
What will be an ideal response?
Discuss six approaches that are used by companies now to stimulate innovation
What will be an ideal response?