Multiple Choice
Delta Corp. issues 4000 shares of $10 par value common stock at $14 per share. When the transaction is recorded credits are made to
A) Common Stock $40000 and Paid-in Capital in Excess of Stated Value $16000.
B) Common Stock $56000.
C) Common Stock $40000 and Paid-in Capital in Excess of Par $16000.
D) Common Stock $40000 and Retained Earnings $16000.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Additional paid-in capital includes all of the
Q2: If preferred stock is cumulative the<br>A) preferred
Q4: Organizational costs are capitalized by debiting an
Q5: The trial balance of Blowing Rock Inc.
Q6: As soon as a corporation is authorized
Q7: Zyrkel Corporation's December 31 2017 balance
Q8: Paid-in capital from treasury stock would appear
Q9: Preferred stock has contractual provisions that give
Q10: Abbie's Organics Corporation began business in 2017
Q11: The _ feature of preferred stock gives