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3. When issued, company stock is listed at its par value. If the stock is sold at a price higher than the par value the

3. When issued, company stock is listed at its par value. If the stock is sold at a price higher than the par value the difference is called A. Surplus Payable B. Straight Profit C. Retained Earnings D. Dividend Receivable E. Paid-in capital in excess of par value

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