Alt corp. issues 3,000 shares of $10 par value common stock at $14 per share. when the transaction is recorded, credits are made to: a. common stock $30,000 and paid-in capital in excess of stated value $12,000.b. common stock $28,000.c. common stock $30,000 and paid-in capital in excess of par value $12,000.d. common stock $30,000 and retained earnings $12,000.

c. Common Stock $30,000 and Paid-in Capital in Excess of Par Value $12,000

Explanation:

The journal entry for the issue of shares is shown below:

Cash A/c Dr $ (3,000 shares × $14 per share) = $42,000

   To common stock  (3,000 shares × $10 per share) = $30,000

   To Paid-in Capital in Excess of Par Value  $12,000

(Being issue of shares recorded)

So, the cash account is debited whereas the common stock and paid-in capital should be credited

And, the remaining balance should be transferred to the Paid-in Capital in Excess of Par Value

b

explanation:

rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

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