Multiple Choice
Alma Corp. issues 1,000 shares of $10 par common stock at $14 per share. When the transaction is recorded, credit(s) are made to
A) Common Stock, $14,000
B) Common Stock, $10,000, and Paid-In Capital in Excess of Par, $4,000
C) Common Stock, $4,000, and Paid-In Capital in Excess of Stated Value, $10,000
D) Common Stock, $10,000, and Retained Earnings, $4,000
Correct Answer:
Verified
Correct Answer:
Verified
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