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Question(s) / Instruction(s):

Alma Corp. issues 1,000 shares of $10 par value common stock at $16 per share.  When the transaction is recorded, credits are made to:

a)            Common Stock $10,000 and Retained Earnings $6,000.

b)            Common Stock $10,000 and Paid-in Capital in Excess of Par Value $6,000.                

c)            Common Stock $16,000.                                                

d)            Common Stock $10,000 and Paid-in Capital in Excess of Stated Value $6,000.                                        

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