Multiple Choice
If Baylor Company issues 8000 shares of $5 par value common stock for $280000
A) Common Stock will be credited for $280000.
B) Paid-In Capital in Excess of Par will be credited for $40000.
C) Paid-In Capital in Excess of Par will be credited for $240000.
D) Cash will be debited for $240000.
Correct Answer:
Verified
Correct Answer:
Verified
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