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:

Aboriginals

Indigenous peoples, the original inhabitants of a given region, who have distinct cultural and historical identities.

Employment Equity Program

A policy aimed at countering discrimination in the workplace by encouraging the equal hiring and treatment of underrepresented groups.

Systemic Discrimination

The exclusion of members of certain groups through the application of employment policies or practices based on criteria that are not job related.

Employment Equity Implementation

The process of applying policies and practices to correct inequalities in employment and representation within a workplace, particularly for historically disadvantaged groups.