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13 March, 03:07

A firm issued 5,000 shares of $1 par-value common stock, receiving proceeds of $20 per share. The accounting entry for the paid-in capital in excess of par account is

A) $5,000.

B) $ 95,000.

C) $100,000.

D) $0.

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Answers (2)
  1. 13 March, 04:24
    0
    Correct answer: B. $95,000
  2. 13 March, 04:30
    0
    95,000 B

    The answer
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