The dollar amount reported as common stock on the balance sheet of a corporation that has common stock with a par value is the number of shares:
A)issued, multiplied by the amount received per share.
B)outstanding, multiplied by the amount received per share.
C)issued, multiplied by the par value per share.
D)outstanding, multiplied by the par value per share.

Question

Quizplus · Accepted Answer

The common stock amount on the balance sheet is calculated by multiplying the number of shares issued by the par value per share.

The Dollar Amount Reported as Common Stock on the Balance