Lionworks,Inc.issues 2,000 shares of $40 par common stock for $43 per share.The amount credited to paid-in capital in excess of par is:

Name: Lionworks,Inc.issues 2,000 shares of $40 par common stock for $43 per share.The amount credited to paid-in capital in excess of par is:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The paid-in capital in excess of par is calculated as the difference between the issue price and the par value, multiplied by the number of shares. Here, ($43 - $40) * 2,000 = $6,000.