The par value of shares issued is normally recorded in the:
A)Paid-in capital in excess of par account.
B)Common stock account.
C)Retained earnings account.
D)Appropriated retained earnings account.

Question

Quizplus · Accepted Answer

The par value of shares issued is recorded in the common stock account. This account represents the nominal or face value of each share of stock. It is typically the lowest amount for which the company can issue shares and is set out in the company's articles of incorporation.

The Par Value of Shares Issued Is Normally Recorded in The