Short Answer
Which of the following is true for a corporation that issues 1,000 shares of $2 par common stock at $5 per share?
a.The common stock account will increase by $5,000.
b.$2 per share is the maximum selling price for these shares of stock.
c.Total stockholders' equity will increase by $5,000.
d.The per share dividend amount on these shares is $2.
Correct Answer:
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A: The correct answer is a. The common s...View Answer
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Correct Answer:
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