If Common Stock Is Issued for an Amount Greater Than

question 186

Multiple Choice

If common stock is issued for an amount greater than par value, the excess should be credited to

• A) Retained Earnings
• B) Cash
• C) Legal Capital
• D) Paid-In Capital in Excess of Par

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Definitions:

Energized

Describes an electrical circuit or component that is active and under power, thereby capable of performing its intended function.

Electromagnet Control Relay

A relay device that uses an electromagnet to mechanically operate a switch, allowing lower power signals to control much larger power circuits.

Switch Contacts

The conductive parts in a switch that come together to complete an electrical circuit when activated.

Coil

In programming and electrical engineering, it refers to a command used in ladder logic for activation or control of outputs.