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:

Business Meeting

A gathering of people within an organization to discuss and decide on matters relating to business operations.

Critical Feedback

Constructive critiques aimed at improving performance or understanding.

Key Meeting Outcome

Defines the significant results or decisions derived from a meeting, which are critical to the meeting’s objectives.

Job Performance

The level to which an employee accomplishes task requirements and fulfills job duties and responsibilities.