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    Fundamental Accounting Principles
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    Exam 13: Accounting for Corporations
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    A Company Issued 60 Shares of $100 Par Value Stock
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A Company Issued 60 Shares of $100 Par Value Stock

Question 127

Question 127

Multiple Choice

A company issued 60 shares of $100 par value stock for $7,000 cash.The total amount of paid-in capital is:


A) $ 100.
B) $ 600.
C) $1,000.
D) $6,000.
E) $7,000.

Correct Answer:

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