Multiple Choice
If Norben Company issues 6,000 shares of $5 par value common stock for $210,000, the account
A) Common Stock will be credited for $210,000.
B) Paid-in Capital in Excess of Par Value will be credited for $30,000.
C) Paid-in Capital in Excess of Par Value will be credited for $180,000.
D) Cash will be debited for $180,000.
Correct Answer:
Verified
Correct Answer:
Verified
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