If Common Stock Is Issued for an Amount Greater Than

question 65

Multiple Choice

If common stock is issued for an amount greater than par value, the excess should be credited to

• A) Retained Earnings.
• B) Cash.
• C) Legal Capital.
• D) Paid-in Capital in Excess of Par Value.

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Definitions:

Dorsal Hollow Nerve Cord

A characteristic feature of the phylum Chordata, it is a tube-like structure found along the back (dorsal side) that develops into the central nervous system.

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Hydraulic System

A technology in engineering that uses pressurized fluid to produce or transmit power.

Tube Feet

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