When Common Stock with a Par Value Is Sold for a Price

question 59

True/False

When common stock with a par value is sold for a price that exceeds par value, the Common Stock account is credited only for the par value of the shares sold.

---

Definitions:

Engagement Functions

Social events or ceremonies celebrating the formal agreement between two individuals to get married.

Fighting Fair

Engaging in conflict resolution in a manner that is respectful, constructive, and without intent to harm the other party.

Positive Reasons

Justifications or motivations for an action or belief that are beneficial or advantageous.

Principle Of Least Interest

A theory suggesting that in any relationship, the person who demonstrates the least amount of interest has the most control or power.