Kohlberg, Kravis, Roberts and Company (“KKR”) owns 19% of Dollar General’s common stock. The par value of...
Kohlberg, Kravis, Roberts and Company (“KKR”) owns 19% of Dollar General’s common stock. The par value of Dollar General’s common stock is $1. If KKR sells one share of Dollar General to another investor for $15, Dollar General will credit common stock for $1 and additional paid-in capital for $14.
True or False
Homework Answers
Journal entry
| Date | account and explanation | Debit | Credit |
| Cash | 15 | ||
| Common Stock | 1 | ||
| Additional paid in capital | 14 | ||
So above statement is True
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Kohlberg, Kravis, Roberts and Company (“KKR”) owns 19% of Dollar
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