The Discount on Common Stock account reflects:
A. The difference between the par value of the stock and the amount paid-in by stockholders when the amount paid-in is more than par value.
B. The difference between the par value of stock and its issue price when it is issued at a price below par value.
C. An amount of assets defined by state law that stockholders must invest and leave invested in a corporation.
D. The amount a corporation must pay in addition to dividends in arrears if and when it exercises its right to retire a share of callable preferred stock.
E. One share's portion of the issued corporation's net assets recorded in its accounts.
Answer: B
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