A company issues 10,000 shares of common stock at a par value of $2 per share for $50,000. How much is credited to the Common Stock account?

A) $20,000
B) $50,000
C) $30,000
D) $40,000

Question

12-07-2024
Business

Answered

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A company issues 10,000 shares of common stock at a par value of $2 per share for $50,000. How much is credited to the Common Stock account?

A) $20,000
B) $50,000
C) $30,000
D) $40,000

Sagot :

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A company issues 10,000 shares of common stock at a par value of $2 per share for $50,000. How much is credited to the Common Stock account? A) $20,000 B) $50,000 C) $30,000 D) $40,000

Sagot :

Other Questions

A company issues 10,000 shares of common stock at a par value of $2 per share for $50,000. How much is credited to the Common Stock account?

A) $20,000
B) $50,000
C) $30,000
D) $40,000