If common stock is issued for an amount greater than par value, the excess should be credited to

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The excess amount above the par value of the common stock is referred to as the "paid-in capital in excess of par" or "additional paid-in capital." This is a part of the shareholders' equity and represents the amount of money that investors have paid in excess of the par value of the common stock. Therefore, the excess should be credited to "Paid-in Capital in Excess of Par."

If Common Stock Is Issued for an Amount Greater Than