Which type of stock results in more total paid-in capital, Accounting Basics

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Which type of stock results in more total paid-in capital

Response to the following problem:

Amalfi Furniture Co., located in Chicago, imports Mediterranean furniture. The corporation issued 5,000 shares of no-par common stock for $10 per share. Record issuance of the stock if the stock

(a) is true no-par stock and

(b) has stated value of $2 per share.

Which type of stock results in more total paid-in capital?

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Accounting Basics: Which type of stock results in more total paid-in capital

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Accounting Basics: Which type of stock results in more total paid-in capital

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