If Vickers Company issues 5,000 shares of $5 par value common stock for $175,000,

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The par value of the 5,000 shares is $5, so the total value of the shares in terms of par value is $25,000 (5,000 shares x $5 par value). Since the company is raising $175,000, the excess amount above the par value of the shares, which is $150,000 ($175,000 - $25,000), will be credited to the Paid-In Capital in Excess of Par account. Therefore, Choice C is correct. Choices A and D are incorrect because they do not account for the excess amount above the par value. Choice B is incorrect because it only accounts for the excess amount, but not the original amount raised by issuing the shares.

If Vickers Company Issues 5,000 Shares of $5 Par Value