MCQs > Finance & Management > Financial Accounting > If Acme issued 8,000 shares of common stock with par value of $1 per share and an issue price of $4 per share, what is the starting balance of paid-in-capital?

Financial Accounting MCQs

If Acme issued 8,000 shares of common stock with par value of $1 per share and an issue price of $4 per share, what is the starting balance of paid-in-capital?

Answer

Correct Answer: $24,000

Explanation:

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