SCREEN SHOT / MAX POINTS / WILL MARK BRAINLIEST Match the term to the definition. mixed economy The method a country uses to ans
wer the three economic questions market economy The resources are owned and controlled by the people of the country economic system Combines elements of the command and market economies traditional economy Goods and services are produced the way it has always been done capitalism The resources are owned and controlled by the government command economy The private ownership of economic resources by individuals, rather than by the government
1 answer:
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Answer:
B. Paid-In Capital in Excess of Stated long dash Common for $ 130,000
Explanation:
Whenever shares are issued at a price higher than the par value, then the additional value that is higher than par value is is added to paid in capital in excess of stated common capital.
Here, in the given case stated capital = 10,000 $3 = $30,000
Paid in capital in excess of stated capital = 10,000 ($16 - $3) = $130,000
Thus, correct entry will include credit to both of the above.
Therefore, correct option is
B. Paid-In Capital in Excess of Stated long dash Common for $ 130,000