If a company issues 2,000 shares of $5 par value common stock for $140,000 Common Stock will be credited for $140,000 Paid-In Capital in Excess of Par Value will be credited for $10,000 Paid-In Capital in Excess of Par Value will be credited for $130,000 Cash will be debited for $130,000 If stock is issued for a noncash asset, the asset should be recorded on the books of the corporation at * Fair market value Cost Asking price O A nominal amount