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Business, 06.12.2019 04:31 alee885

Saltwell industries received $11 comma 500 comma 000 for the issuance of its stock on may 14. the par value of the saltwell stock was only $11 comma 500. was the excess amount of $11 comma 488 comma 500 a profit to saltwell? if not, what was it? suppose the par value of the saltwell stock had been $2 per share, $4 per share, or $7 per share. would a change in the par value of the company's stock affect saltwell's total paid-in capital? give the reason for your answer.

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Saltwell industries received $11 comma 500 comma 000 for the issuance of its stock on may 14. the pa...
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