Weller Corporation issued 10,000 shares of no-par common stock for $25 per share. For this transaction, Common Stock should be credited (increased) for $250,000.
Answer the following statement true (T) or false (F)
True
When no-par common stock is issued, the common stock account is credited for the entire amount received in the stock issue, which in this case is $250,000 (or 10,000 Shares × Issue price of $25 per share).
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