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Sagot :
The common stock at a cash price of $13 per share = $ 53,300.
Common stock :
Common stock is a security that represents an ownership interest in a company. Ordinary shareholders elect a board of directors and vote on company policy. This form of equity ownership usually yields higher returns over the long term. Common stock is a form of corporate ownership and a form of security. The terms voting stock and common stock are also commonly used outside the United States.
Working notes :
Common stock = 4,100 × $ 13
= $ 53,300
Account titles and explanation Debit Credit
cash $53,300
Common stock $ 53,300
( being shares issued at cash price recorded)
What type of stock is common stock?
Common stock is a type of tradable asset or security that represents ownership of a company. If you own a company's common stock, you have the right to vote on company policies, board decisions, and more. Common stock is just one type of stock traded on a public exchange.
Learn more about common stock :
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