Alma Corp. issues 2,480 shares of $8 par common stock at $16 per share. When the transaction is recorded, credit(s) are made to a. Common Stock $19,840 and Retained Earnings $19,840. b. Common Stock $19,840 and Paid-in Capital in Excess of Stated Value $19,840. c. Common Stock $39,680. d. Common Stock $19,840 and Paid-in Capital in Excess of Par Value $19,840.
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Alma Corp. issues 2,480 shares of $8 par common stock at $16 per share. When the transaction is reco...
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