Intangible assets could include all except
A) Trademark
B) Land held for future use
C) Patent
D) Goodwill
B
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S & C Company issues 1,500 shares of common stock with a $2 par value. The issue price of the stock is $13 per share, and the company paid an underwriter $500 in stock issue costs. What is the journal entry required to record the issuance of the shares?
A) Cash 19,500 Common Stock—$2 par 3,000 Addl. Paid-in-Capital in Excess of Par—Common 16,500 B) Cash 19,500 Common Stock—$2 par 2,500 Addl. Paid-in-Capital in Excess of Par—Common 17,000 C) Cash 19,000 Common Stock—$2 par 3,000 Addl. Paid-in-Capital in Excess of Par—Common 16,000 D) Cash 19,000 Common Stock—$2 par 2,500 Addl. Paid-in-Capital in Excess of Par—Common 16,500