Question

A company issued 100 shares of $100 par value common stock for $11,800 cash. The total amount of paid-in capital in excess of par is: Multiple Choice $100. $1,000. $1,800. $10,000. $11,800.

Answer 1

question 6

Step-by-step explanation:

100x $100 = 10,000

shares x par value

11,800-10,000 =1,800

Common stock - total

is what quizlet taught me hope this helps!