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Kohlberg, Kravis, Roberts and Company (“KKR”) owns 19% of Dollar General’s common stock.  The par value of...

Kohlberg, Kravis, Roberts and Company (“KKR”) owns 19% of Dollar General’s common stock.  The par value of Dollar General’s common stock is $1.  If KKR sells one share of Dollar General to another investor for $15, Dollar General will credit common stock for $1 and additional paid-in capital for $14.

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Answer #1

Journal entry

Date account and explanation Debit Credit
Cash 15
Common Stock 1
Additional paid in capital 14

So above statement is True

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