When 200 shares of $1 par value Common Stock are issued at $29 per share, Paid-in Capital in Excess of Par-Common will:

Name: When 200 shares of $1 par value Common Stock are issued at $29 per share, Paid-in Capital in Excess of Par-Common will:
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Paid-in Capital in Excess of Par-Common increases by the amount received over the par value. Here, the excess is $28 per share ($29 - $1), so for 200 shares, it increases by $5600 (200 shares x $28).

When 200 Shares of $1 Par Value Common Stock Are