When 1,000 shares of $3 stated value common stock is issued at $18 per share, ________.

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Question:When 1,000 shares of $3 stated value common stock is issued at $18 per share, ________.

1.Common Stock - $3 Stated is credited for $18,000

2.The difference between the issue price and the stated value is credited to Paid-In Capital in Excess of Stated

3.The accounting is exactly the same as the accounting for par value stock

4.The account titled Paid-In Capital in Excess of Stated is used to record the issue price of the stock

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  1. When 1,000 shares of $3 stated value common stock is issued at $18 per share, ________.
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