Multiple Choice
If Norben Company issues 4,000 shares of $5 par value common stock for $140,000, the account
A) Common Stock will be credited for $140,000.
B) Paid-in Capital in Excess of Par Value will be credited for $20,000.
C) Paid-in Capital in Excess of Par Value will be credited for $120,000.
D) Cash will be debited for $120,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q54: A 10% stock dividend will increase the
Q138: Dividends are predominantly paid in<br>A)scrip.<br>B)property.<br>C)cash.<br>D)stock.
Q202: Treasury stock should not be classified as
Q267: Dawson Company issued 600 shares of no-par
Q269: Leary Manufacturing Corporation purchased 5,000 shares of
Q271: Listed below are items typically found in
Q272: On January 1, Swanson Corporation had 80,000
Q274: Johnson Company issued 900 shares of no-par
Q275: On January 1, Edmiston Corporation had 1,600,000
Q277: Alt Corp. issues 3,000 shares of $10