If Common Stock Is Issued for an Amount Greater Than

question 168

Multiple Choice

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

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

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Officers

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Dodd-Frank Act

Comprehensive financial reform legislation enacted in 2010 in the United States, aimed at reducing risks in the financial system following the financial crisis of 2008.

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CEO's Compensation

The payment and benefits package provided to the Chief Executive Officer of a corporation, which may include salary, bonuses, stocks, and other benefits.