Under GAAP, the amount of capital received in excess of par value would be credited to: a.

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Under GAAP, the amount of capital received in excess of par value would be credited to:

a. Retained Earnings.

b. Paid-in Capital in Excess of Par.

c. Share Premium.

d. Par value is not used under GAAP.

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Financial Accounting With International Financial Reporting Standards

ISBN: 9781119787051

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Apr 05, 2024 01:40 AM

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Under GAAP, the amount of capital received in excess of par value would be credited to: a.

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The correct answer is b Paidin Capital in Excess of Par Explanation Under GAAP Gen...View the full answer

Financial Accounting With International Financial Reporting Standards

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