Question
If common stock is issued for an amount greater than par value, the excess should be credited to a) Paid-in Capital in Excess of Par.
If common stock is issued for an amount greater than par value, the excess should be credited to
a) Paid-in Capital in Excess of Par.
b) Legal Capital.
c) Retained Earnings.
d) Cash.
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Get StartedRecommended Textbook for
Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
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