ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 340

b. par value of the shares issued.

c. market value of the shares issued.

d. Any of these provides an appropriate basis for recording the
transaction.

31. Direct costs incurred to sell stock such as underwriting
costs should be accounted for as

1. a reduction of additional paid-in capital.