Ask Question
1 June, 13:09

A firm issued 5,000 shares of $1 par-value common stock, receiving proceeds of $20 per share. The accounting entry for the paid-in capital in excess of par account is

A) $5,000.

B) $ 95,000.

C) $100,000.

D) $0.

+1
Answers (2)
  1. 1 June, 13:16
    0
    Correct answer: B. $95,000
  2. 1 June, 13:23
    0
    95,000 B

    The answer
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A firm issued 5,000 shares of $1 par-value common stock, receiving proceeds of $20 per share. The accounting entry for the paid-in capital ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers