When a Company Issues Common Stock at a Price Per

question 61

Multiple Choice

When a company issues common stock at a price per share greater than its par value per share,the excess should be credited to:

• A)Retained Earnings.
• B)Common Stock.
• C)Paid-in Capital in Excess of Par-Common.
• D)Excess Capital.

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Definitions:

Selective Perception

The psychological process by which individuals selectively choose to focus attention on certain stimuli while ignoring others.

Social Networks

Online platforms that allow users to connect, share, and communicate with others, fostering digital communities and interactions.

Right Impression

The act of presenting oneself in a manner that is perceived positively or as intended by others.

Fraudulent Misrepresentation

(1) The tort that occurs when a misrepresentation is made with intent to facilitate personal gain and with the knowledge that it is false. (2) In contracts, a false representation of a material fact that is consciously false and is intended to mislead the other party. Also called intentional misrepresentation.