If Stock Is Issued for Less Than Par Value the Account

question 137

Multiple Choice

If stock is issued for less than par value the account

• A) Paid-In Capital in Excess of Par is credited.
• B) Paid-In Capital in Excess of Par is debited if a debit balance exists in the account.
• C) Paid-In Capital in Excess of Par is debited if a credit balance exists in the account.
• D) Retained Earnings is credited.

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Definitions:

Enriched Uranium

Uranium in which the percentage of the isotope uranium-235 has been increased, typically used as fuel in nuclear reactors and in the manufacture of nuclear weapons.

Nuclear Explosion

A highly destructive blast caused by the release of energy from the rapid and uncontrolled release of nuclear fission or fusion reactions.

Enrichment

The process of increasing the proportion of a desired material or isotope in a mixture.