A firm issued 10,000 shares of $2 par-value common stock, receiving proceeds of $40 per share. The amount recorded for the paid-in capital in excess of par account is ________

A) $420,000
B) $380,000
C) $400,000
D) $800,000

B

Business

You might also like to view...

McDonald's and other fast food restaurants have benefitted tremendously by using franchising as a mode of entry into different countries. What are the benefits of franchising and how does it differ from other modes of entry?

What will be an ideal response?

Business

Computing the average number of dollars college students have on their credit card balances exemplifies:

A) summarizing B) generalizing C) comparing D) relating E) type III error

Business