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    Financial Accounting Study Set 5
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    Exam 12: Stockholders Equity
  5. Question
    When Common Stock with a Par Value Is Sold for a Price
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When Common Stock with a Par Value Is Sold for a Price

Question 200

Question 200

True/False

When common stock with a par value is sold for a price that exceeds par value,the Common Stock account is credited for an amount equal to the cash proceeds.

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