The amount received in excess of the par value of preferred stock issued is recorded in an account called Paid-in Capital in Excess of Par Value-Preferred Stock.

Name: The amount received in excess of the par value of preferred stock issued is recorded in an account called Paid-in Capital in Excess of Par Value-Preferred Stock.
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This is a correct statement. The excess amount received for preferred stock issued is recorded in the account of Paid-in Capital in Excess of Par Value-Preferred Stock.

The Amount Received in Excess of the Par Value of Preferred