When New Shares Are Sold at a Price Greater Than

question 20

Multiple Choice

When new shares are sold at a price greater than par value,the excess over par is recorded as:

• A) capital surplus.
• B) retained earnings.
• C) treasury stock.
• D) authorized capital.

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Definitions:

Behavior Genetics

The study of the role genetic factors play in shaping behaviors, traits, and psychology.

Family Studies

An interdisciplinary academic field that examines family dynamics, relationships, and roles within cultural and societal contexts.

Dizygotic Twins

Also known as fraternal twins, they are siblings conceived separately and may or may not share the same gender, resulting from the fertilization of two different eggs by two different sperm.

Monozygotic Twins

Identical twins that develop from a single fertilized egg, sharing the same genetic materials.