When 7,000 shares of $6 stated value common stock is issued at $12 per share,...
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Accounting
When 7,000 shares of $6 stated value common stock is issued at $12 per share, O A. the difference between the issue price and the stated value is credited to Paid - In Capital in Excess of Stated - Common OB. the accounting is exactly the same as the accounting for par value stock O C. the account titled Paid - In Capital in Excess of Stated - Common is used to record the issue price of the stock O D. Common Stock $6 Stated is credited for $84,000
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