Business, 27.01.2020 23:31 francisco42002
Acorporation issues 2,000 shares of common stock for $32,000. the stock has a stated value of $12 per share. the journal entry to record the stock issuance would include a credit to common stock for
a. $2,000.b. $32,000.c. $12,000.d. $24,000.feedback: correct. the common stock account is credited for the number of shares times the stated value per share (2,000 × $12 = $24,000).
Answers: 2
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Acorporation issues 2,000 shares of common stock for $32,000. the stock has a stated value of $12 pe...
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