Paid-In Capital in Excess of Par Value

question 18

Multiple Choice

Paid-in Capital in Excess of Par Value

• A)is increased when no-par stock does not have a stated value.
• B)is reported as part of paid-in capital on the balance sheet.
• C)represents the amount of legal capital.
• D)normally has a negative balance.

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Definitions:

Referent Power

A form of influence based on the attractiveness and charisma of the leader, which inspires loyalty and admiration.

Expert Power

The ability to influence others based on recognized knowledge, skills, or expertise.

Legitimate Power

Power that is recognized as rightful or official within a particular social or organizational framework.

Political Behavior

Actions not officially sanctioned by an organization that are taken to influence others in order to meet one’s personal goals.