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24 January, 13:10

The Gator Corporation is authorized to issue 100 shares of $100.00 preferred stock. The issuance price per share is $110.00. The journal entry includes a credit to paid-in capital in excess of par for what amount? A. $1,000.00 B. $0.00

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  1. 24 January, 14:38
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    A. $1,000.00

    Explanation:

    because amount above par value will be credited into share premium because shares are issuing abover par value of 100 so $10*100 would be taken as share premium
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