a . When stock is sold at a price above its par value, what amount is credited
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a. When stock is sold at a price above its par value, what amount is credited to the capital stock account?
b. What is the classification of the Paid-in Capital in Excess of Par account? What is its normal balance?
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1 The account used for the proceeds greater than par value is called Additional PaidInCapital The common stock account is credited for the amount of p...View the full answer
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