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

An additional paid-in capital account is not needed for the issuance of no par stock, as there is no par value to be exceeded.

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