If shares of common stock are issued at a market price greater than par value,the amount in excess of par should be credited to:
A)Common Stock.
B)Treasury Stock.
C)Retained Earnings.
D)Additional Paid-in Capital.

Question

Quizplus · Accepted Answer

Proceeds from stock issuance that exceed par are credited to Additional Paid-in Capital.The amount representing par value is credited to the Common Stock account.

If Shares of Common Stock Are Issued at a Market