menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Accounting Study Set 1
  4. Exam
    Exam 13: Accounting for Corporations
  5. Question
    When Common Stock with a Par Value Is Sold for a Price
Solved

When Common Stock with a Par Value Is Sold for a Price

Question 159

Question 159

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 the cash proceeds received from the sale of the shares.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q154: Which of the following items will not

Q155: The par value of stock is an

Q156: If a corporation issues par value common

Q157: The entry to record the retirement of

Q158: Which of the following classifications represents the

Q160: On January 1,20x5,Dove Valley Corporation had 100,000

Q161: Which of the following has an effect

Q162: A dividend that represents a return to

Q163: The entry to record the declaration of

Q164: a.Yorkshire Corporation has 9,000 shares of $10

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines