When 100 shares of $10 par value Common Stock are sold at $53 per share, Paid- in Capital in Excess of Par value-Common will:

Name: When 100 shares of $10 par value Common Stock are sold at $53 per share, Paid- in Capital in Excess of Par value-Common will:
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The Paid-in Capital in Excess of Par value-Common increases by the amount received over the par value. The shares are sold at $53, which is $43 above the $10 par value. For 100 shares, this results in an increase of $4,300 (100 shares x $43).

When 100 Shares of $10 Par Value Common Stock Are