evaluate-the-financial-impact-of-selling-5000-shares-at-10-each-when-the-par-val

Question

Evaluate the financial impact of selling 5,000 shares at $10 each when the par value is $1. What is the total amount recorded in the equity section?

Accepted Answer

$50,000

Answer

$5,000

Answer

$55,000

Answer

$45,000

Evaluate the financial impact of selling 5,000 shares at \$10 each when the par value is \$1. What is the total amount recorded in the equity section?