Corporations: Organization and Capital Stock Transactions

Osage Corporation issued 2,000 shares of stock.

Instruction

1. The stock had a par value of $5 per share and was issued for a total of $52,000.
2. the stock had a stated value of $5 per share and was issued for a total of $52,000.
3. The stock had no par or stated value and was issued for a total of $52,000.
4. the stock had a par value of $5 per share and was issued to attorneys for services during incorporation valued at $52,000.
5. The stock had a par value of 45 per share and was issued for land worth $52,000.

Solution