If stock is issued for less than par value, the account
A) Paid-In Capital in Excess of Par Value is credited.
B) Paid-In Capital in Excess of Par Value is debited if a debit balance exists in the account.
C) Paid-In Capital in Excess of Par Value is debited if a credit balance exists in the account.
D) Retained Earnings is credited.

Question

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The Answer of If stock is issued for less than par value, the account
A) Paid-In Capital in Excess of Par Value is credited.
B) Paid-In Capital in Excess of Par Value is debited if a debit balance exists in the account.
C) Paid-In Capital in Excess of Par Value is debited if a credit balance exists in the account.
D) Retained Earnings is credited.

If Stock Is Issued for Less Than Par Value, the Account