if-a-company-issues-300000-shares-of-002-par-value-common-stock-to-retire-600000

Question

If a company issues 300,000 shares of $0.02 par value common stock to retire $600,000 of bonds payable, what is the APIC?

Accepted Answer

$594,000

Answer

$300,000

Answer

$600,000

Answer

$6,000

If a company issues 300,000 shares of \$0.02 par value common stock to retire \$600,000 of bonds payable, what is the APIC?