If keene company issues 9,000 shares of $5 par value common stock for $160,000, the account

Varun P V asked Aug 27, 2023

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Varun P V asked Aug 27, 2023

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11 votes

Answer: $115,000

Explanation:

The common stock is 9000 times 5 = $45000

To Paid-in Capital in Excess of Par = 160,000 - 45,000 = $115,000

Damien Debin answered Sep 1, 2023

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