Saltwell Industries received $11,500,000 for the issuance of its stock on May 14. The par value of the Saltwell stock was only $11,500. Was the excess amount of $11,488,500 a profit to Saltwell? If not, what was it? Suppose the par value of the Saltwell stock had been $2 per share, $4 per share, or $7 per share. Would a change in the par value of the company's stock affect Saltwell's total paid-in capital? Give the reason for your answer. The excess is not a profit and therefore has no effect on net income The $11,488,500 is paid-in capital The par value of the stock V total paid-in capital. Total paid-in capital is The total paid in capital includes The par value of the stock V total pa decreases has no effect on increases Total paid-in capital is V. The tot the excess of par value over the price paid for the stock the excess of the price paid for stock over the par value the total amount that stockholders have invested into a corporation The par value of the stock V total paid-in capital. Total paid-in capital is V. The total paid in capital includes only the par value of the stock par value plus any additional paid-in capital par value plus any unpaid dividends