Nebraska Inc. issues 3,000 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.$15,000 b.$3,000 c.$30,000 d.$45,000
Nebraska Inc. issues 3,000 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.$15,000 b.$3,000 c.$30,000 d.$45,000
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 10MC: A company issued 40 shares of $1 par value common stock for $5,000. The journal entry to record the...
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Nebraska Inc. issues 3,000 shares of common stock for $45,000. The stock has a stated value of $10 per share. The
a.$15,000
b.$3,000
c.$30,000
d.$45,000
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