Accouting Help: Alpha Company issued 1,000 shares of $10 par value common stock to stockholders, in

4 months ago
24

Alpha Company issued 1,000 shares of $10 par value common stock to stockholders, in exchange for $15,000 cash. Which of the following correctly describes the impact of this transaction on Alpha's financial statements?
Common stock is reported at $15,000 in stockholders' equity
A $15,000 investment is reported as a long-term investment.
Additional paid-in capital of $5,000 is reported in stockholders' equity.
Stockholders have invested $25,000 as stockholders' equity

#AccountingHelp
#CommonStock
#JournalEntries
#Stocks

Loading comments...