Paid-in Capital in Excess of Par Valuea. is credited when no-par stock does not have a stated value.b. is reported as part of paid-in capital on the balance sheet.c. represents the amount of legal capital.d. normally has a debit balance.

Business · College · Wed Jan 13 2021

Answered on

The correct statement is:

b. is reported as part of paid-in capital on the balance sheet.

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