What account is credited when a corporation issues stock at an amount over the stock's par value?
A)Gain on sale of stock
B)Loss on sale of stock
C)Additional paid- in capital
D)Retained earnings

Name: What account is credited when a corporation issues stock at an amount over the stock's par value? A)Gain on sale of stock B)Loss on sale of stock C)Additional paid- in capital D)Retained earnings
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Question

Quizplus · Accepted Answer

Additional paid-in capital is credited when a company sells its stock for more than par value.

What Account Is Credited When a Corporation Issues Stock at an Amount