The Mark Corporation is authorized to issue a total of 100,000,000 shares of $.10 par value common stock. As of July 31, the corporation had issued a total of 9,200,000 common shares and received cash of $46,000,000. Determine the dollar amount reported in the Corporation’s common stock account on July 31.

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921 viewsJuly 20, 2017

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Darshita 6.14K July 20, 2017 0 Comments

The Mark Corporation is authorized to issue a total of 100,000,000 shares of $.10 par value common stock. As of July 31, the corporation had issued a total of 9,200,000 common shares and received cash of $46,000,000.
Determine the dollar amount reported in the Corporation’s common stock account on July 31.
a. $46,000,000
b. $4,600,000
c. $920,000
d. $10,000,000

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score 0 · Answer 1 · 2017-07-20T08:57:02+00:00

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