Multiple Choice
A corporation issues 2,500 shares of common stock for $ 45,000. The stock has a stated value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for
A) $25,000
B) $45,000
C) $20,000
D) $ 5,000
Correct Answer:
Verified
Correct Answer:
Verified
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