158. Spi Session Dan course 1. Saltwell Industries received $11,500,000 for the issuance of its stock on May 14. The par value of the Saltwell stock was only $11,500. Was the excess amount of $11,488,500 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. The excess is (1) The $11,488,500 is (2) The par value of the stock (3) total paid-in capital. Total paid-in capital is (4). The total paid in capital includes (5) (1) O a profit and therefore has an effect on net income O not a profit and therefore has no effect on net income (2) O common stock revenue O gross margin O other gains O paid-in capital (3) O decreases O has no effect on O increases (4) O the excess of par value over the price paid for the stock O the excess of the price paid for stock over the par value O the total amount that stockholders have invested into a corporation (5) O only the par value of the stock par value plus any additional paid-in capital O par value plus any unpaid dividends