Which of the Following Statements,regarding No-Par Stock,is Incorrect

question 128

Multiple Choice

Which of the following statements,regarding no-par stock,is incorrect?

• A) Regardless of the stock's issue price, Cash is debited and Common Stock is credited for the cash received.
• B) There can be no Paid-In Capital in Excess of Par.
• C) There is no par to be in excess of.
• D) All of the statements are correct.

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