For the Tanger Outlet Centers, Inc. with current shares priced at $32.56 (according to Ms. Marlo's discovery on 2/3/2016) any newly sold shares at this price would be $32.55 over par value. A journal entry of the sale of these shares would be something as follows for lets say 2,000 additional shares.

Cash 65,120.00

Common Stock (2,000 x .01) 20.00

Paid-in Capital in Excess of Par Value 65,100.00

(To record issuance of 2,000 shares of common stock in excess of par)

As I understand it the market value of a stock can be above, equal or below the par value of the stock in the company's charter. The difference from par to market value is what the share holder is contributing to the company in return for shares in ownership. My curiosity is when the market value is below that of the par value. Does the company record a loss in the "paid-in capital"?