Hawkeye Corporation issues 100 shares of no- par value common stock for $20 per share. This transaction will include a credit to Common Stock for:
A) $1,000 and a Gain on Issue of Common Stock for $1,000.
B) $2,000.
C) $1,000 and a credit to Retained Earnings for $1,000.
D) $1,000 and a credit to Paid- in Capital for $1,000.
Correct Answer:
Verified
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