Question

A company issued 190 shares of $100 par value common stock for \$22.600 cosh The total amount of in capital excess of paris

Answer 1

$3,600

Step-by-step explanation:

The excess amount is the difference between the amount received and the value of the stocks.

The amount received = $22,600

the value of the stocks

= $100 x 190

=$19,000

The excess amount = $22,600 - $19,000

= $3,600