ACC 423 Week 5 Final Exam | Assignment Help | University Of PhoenixCPA Question 01
Correct answer:
Common stock
Preferred stock
Additional Paid-in capital
$5,000
$15,000
$92,500
Common stock: 5,000($1) = $5,000 (only par is recorded in common stock)Preferred stock: 1,500($10) = $15,000 (only par is recorded in preferred stock)Additional paid-in capital:Common: 5,000($15 - $
0 sold
Other
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Other
University of Phoenix
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ACC 423
11 Jan 2019