A company has 30,000 shares authorized and 13,000 shares issued (common stock).The par value equals $ 1.00 per share.What value will be placed in the account "paid-in capital in excess of par?"

Question

Quizplus · Accepted Answer

The amount placed in "paid-in capital in excess of par" depends on the issue price of the shares, which is not provided in the question. This account reflects the amount received over the par value, and without knowing the issue price, it's impossible to calculate.

A Company Has 30,000 Shares Authorized and 13,000 Shares Issued