An additional paid-in capital account could be used with all of the following transactions except:
A)The issuance of par value stock at a price greater than the par value.
B)The reissuance of treasury stock at a price less than the price paid when the stock was reacquired.
C)The reissuance of treasury stock at a price greater than the price paid when the stock was reacquired.
D)The issuance of no par stock.

Question

Quizplus · Accepted Answer

Additional paid-in capital accounts are used to record the excess amount received over the par value or stated value of stock issued. No par stock does not have a par value or stated value, so there would be no need for an additional paid-in capital account.

An Additional Paid-In Capital Account Could Be Used with All