ABC Corp - Value $2,000. b. Common Stock $12,000. c. Common...

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ABC Corp. issues 1,000 shares of $10 par value common stock at $12 per share. When the transaction is recorded, credits are made to: a. Common Stock $10,000 and Paid-in Capital in Excess of Stated
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Unformatted text preview: Value $2,000. b. Common Stock $12,000. c. Common Stock $10,000 and Paid-in Capital in Excess of Par Value $2,000. d. Common Stock $10,000 and Retained Earnings $2,000....
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This note was uploaded on 01/04/2012 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.

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