Paid-in Capital in Excess of Par Value
A)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.

Question

Quizplus · Accepted Answer

Paid-in Capital in Excess of Par Value is reported as part of paid-in capital on the balance sheet, reflecting the amount received from shareholders over the par value of the stock.

Paid-In Capital in Excess of Par Value