If Marigold Company issues 8800 shares of $5 par value common stock for $160600, the account O Cash will be debited for $116600. O Paid-in Capital in Excess of Par will be credited for $44000. O Common Stock will be credited for $44000. O Paid-in Capital in Excess of Par will be credited for $160600.

If Marigold Company issues 8800 shares of $5 par value common stock for $160600, the account O Cash will be debited for $116600. O Paid-in Capital in Excess of Par will be credited for $44000. O Common Stock will be credited for $44000. O Paid-in Capital in Excess of Par will be credited for $160600.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter11: The Cost Of Capital

Section: Chapter Questions

Problem 14PROB

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