________ represents the amounts that common and preferred shareholders contribute in excess of the stated or par value.

Group of answer choices

Par value

Retained earnings

Accumulated income

Additional paid-in capital

2)

Woods, Inc. issued 150 shares of its $8 par value common stock for $19 per share. They will record ________ in the common stock account at par value and ________ as additional paid-in capital in excess of par-common.

Group of answer choices

$1,200; $1,650

$1,200; $2,850

$1,650; $1,200

$2,850; $1,200