Vegas Finance Company reported the following:
Common stock,$10 par,100,000 shares authorized,80,000 shares issued and outstanding
What is the effect of issuing 1,000 shares of common stock at $15 per share?
A) Cash increases $10,000.
B) Common Stock increases $15,000.
C) Additional Paid-In Capital increases $5,000.
D) Retained Earnings increases $5,000.
Correct Answer:
Verified
Q63: A new company issues 2,000 shares of
Q64: Poole Company began business on January 1,2017.The
Q65: Fairchild Company acquired a building valued at
Q66: Valor Company issued 5,000 shares of $1
Q67: Ari's Cafe began operations on March 1,2017.The
Q69: Portland Sound Cafe began business on January
Q70: All of the following are reasons for
Q71: A company issued 4,000 shares of $5
Q72: A company would repurchase its own stock
Q73: Museum Corporation acquired a new manufacturing building
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents