A corporation issues 100000 shares of an authorized 500000, Financial Accounting

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A corporation issues 100000 shares of an authorized 500000

A corporation issues 100,000 shares of an authorized 500,000 shares of $1 par value common stock.the selling price is $15 per share. How much cash is received? What amount is recorded as common stock issued? What amount if any is recorded as additional paid in capital?

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Financial Accounting: A corporation issues 100000 shares of an authorized 500000

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Financial Accounting: A corporation issues 100000 shares of an authorized 500000

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