If Stock Is Issued for Less Than Par Value, the Account

question 192

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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