Question: In the rare instance when a par value stock is issued at a cash price below par, the excess of the par value over the

In the rare instance when a par value stock is issued at a cash price below par, the excess of the par value
over the amount of cash received should be
a. credited to a liability account.
b. debited to the Retained Earnings account.
c. debited to an account titled Discount on Capital Stock.
d. credited to the Retained Earnings account.

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