Skip to main content

My Courses

Calculators AI Tools Study Prep Blog Study Prep Home

Significant Noncash Activities

13. Statement of Cash Flows / Significant Noncash Activities / Problem 10

Problem 10

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?

A

\$300,000

B

\$600,000

C

\$594,000

D

\$6,000