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:

Informed Consent

The full and understandable explanation of the risks associated with a course of action, and the clear understanding by the client or patient.

Standard of Care

In law, the degree of prudence and caution expected of an individual who is under a duty of care.

Laparoscopic Surgery

A minimally invasive surgical procedure performed through small incisions, using a camera and instruments to view and operate on the internal organs.

Professional Standards

Established norms and criteria that define the quality and ethical conduct expected of professionals in a given field.