Dates, Corp., issued 4,000 shares of no-par common stock for $9 per share

Price: $2.99


Dates, Corp., issued 4,000 shares of no-par common stock for $9 per share.

Requirements

1. Record issuance of the stock if the stock
a. is true no-par stock and
b. has stated value of $2 per share.

2. Which type of stock results in more total paid-in capital?