Question $5$

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Marked out of $1\mathrm{.}00$

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Paid$-$in Capital in Excess of Par:

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.