Paid-in capital in excess of par represents the amount of proceeds ________
A) in deficit of the par value from the original sale of common stock
B) in excess of the par value from the original sale of common stock
C) in excess of the par value from the current value of common stock
D) in excess of the par value from the intrinsic value of common stock
B
You might also like to view...
The Fortune Company reported the following income for Year 2: Sales$133,000? Cost of goods sold 81,500? Gross margin$51,500? Selling and administrative expense 18,000? Operating income$33,500? Interest expense 5300? Income before taxes$28,200? Income tax expense 8460? Net income$19,740? What is the company's number of times interest is earned ratio?
A. 5.3 times B. 3.7 times C. 6.3 times D. None of these answers is correct.
Explain how multiple variables in self-leadership work together to form a comprehensive model. How do the natural reward strategies, team self-leadership, self-imposed strategies, a redesigned mental world, and the “mind and body” work together to influence effectiveness.
What will be an ideal response?
Market value generally means replacement cost, the amount the firm would have to pay to replace the inventory
Indicate whether the statement is true or false
A check was written by a business for $549 but was recorded erroneously in the Cash account as $459. How would this error be included on the bank reconciliation?
A) an addition on the book side B) a deduction on the bank side C) a deduction on the book side D) an addition on the bank side