If Sandhill Cars issues 4900 shares of $5 par value common stock for $205800, Paid-in Capital in Excess of Par Value will be increased for $230300. Paid-in Capital in Excess of Par Value will be increased for $205800. Cash will be increased for $205800. Common Stock will be increased for $181300.

If Sandhill Cars issues 4900 shares of $5 par value common stock for $205800, Paid-in Capital in Excess of Par Value will be increased for $230300. Paid-in Capital in Excess of Par Value will be increased for $205800. Cash will be increased for $205800. Common Stock will be increased for $181300.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

If Sandhill Cars issues 4900 shares of $5 par value common stock for $205800,
Paid-in Capital in Excess of Par Value will be increased for $230300.
Paid-in Capital in Excess of Par Value will be increased for $205800.
Cash will be increased for $205800.
Common Stock will be increased for $181300.

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