ASC Corp issues 10,000 shares of $1 par common stock for $3/share. ASC incurs $18,000...
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Accounting
ASC Corp issues 10,000 shares of $1 par common stock for $3/share. ASC incurs $18,000 in expenses associated with the stock issue. The entry to record the stock issues should include
Select one:
A debit to stock issue expense of $18,000
A debit to unamortized stock issue costs for $18,000
A net credit to paid in capital of $20,000
A net credit to paid in capital of $2,000
A credit to unamortized stock issue costs for $18,000
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