Bainbridge Corp. issued 4,000 shares of no-par common stock for $9 per share.
1. Record issuance of the stock if the stock:
a. is a no-par stock.
b. has a stated value of $5 per share
2. Which type of stock issuance results in more total paid-in capital?
Bainbridge Corp issued 4 000 shares of no par common stock for