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Paid-in Capital in Excess of Par Value a. is reported as part of paid-in capital on the balance sheet. b. is credited when no-par stock

Paid-in Capital in Excess of Par Value

a. is reported as part of paid-in capital on the balance sheet.

b. is credited when no-par stock does not have a stated value.

c. represents the amount of legal capital.

d. normally has a debit balance.

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