When New Shares of Stock Are Sold at a Price

question 62

Multiple Choice

When new shares of stock 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:

Plasma

The liquid part of the lymph and blood.

Electrolytes

Minerals in your blood and other body fluids that carry an electric charge and affect the amount of water in your body, the acidity of your blood (pH), your muscle function, and other important processes.

Capillaries

Microscopic blood vessels connecting arterioles and venules.

Lightning Strike

A natural electrical discharge of very short duration and high voltage between a cloud and the ground or within a cloud.