Question

lightningnewtabAIO Google Settings I MMM - Login Colonial Lifte aps 10 12 6 Help MC Qu. 130 A company issued... A company issued 180 shares of $100 par value common stock for $21,400 cash. The total amount of paid-in capital in excess of par is: Multiple Choice $100 $1,800. $3,400 $18,000 $21.400 < Prev 13 of 30 İİİ Nemt >

Answer 1

Par value of shares = 180 * 100 = 18000

Cash paid = 21400

Paid in capital in excess of par = 21400 - 18000 = $3400

Correct option is third one