Alma Corp. issues 1,000 shares of $10 par value common stock at $16 per share. When the transaction is recorded, credits are made to:
a. Common Stock $16,000.
b. Common Stock $10,000 and Paid-in Capital in Excess of Par Value $6,000.
c. Common Stock $10,000 and Paid-in Capital in Excess of Stated Value $6,000.
d. Common Stock $10,000 and Retained Earnings $6,000.
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Alma Corp. issues 1,000 shares of $10 par value common stock at $16 per share. When the transaction...
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