The outcome are:
- Cash = $35,000
- Common Stock $ 5 Par Value = $20,000
- Paid-in Capital in exc of par val CS = $15,000
<h3>What is the shares about?</h3>
Shares are known to be the units of measurement for any equity ownership that is found in a corporation.
Note that in the case above, since the Corporation were said to have issued 4000 shares. the cash they have is $35,000.
To get the Paid-in Capital in exc of par val CS =
Cash ($35,000) - Common Stock $ 5 Par Value ($20,000)
= $15,000
Therefore, The outcome are:
- Cash = $35,000
- Common Stock $ 5 Par Value = $20,000
- Paid-in Capital in exc of par val CS = $15,000
See the question below
A Corporation issued 4000 shares of $5 par value common stock for $35,000
Learn more about shares from
brainly.com/question/25818989
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