The sale of new common stock at a price greater than par value will affect which balance sheet accounts? (Choose the most complete answer. )
A) Common stock,paid-in capital,retained earnings.
B) Assets,common stock,paid-in capital.
C) Liabilities,common equity.
D) Common stock,retained earnings.
E) Common stock,paid-in capital.

Question

Quizplus · Accepted Answer

The sale of new common stock at a price greater than par value increases assets (cash) and affects the equity section by increasing common stock and paid-in capital.

The Sale of New Common Stock at a Price Greater