When par value capital stock is issued,capital stock is credited with the par value of the shares issued,regardless of whether the issuance price is equal to par,more than par,or less than par.

Name: When par value capital stock is issued,capital stock is credited with the par value of the shares issued,regardless of whether the issuance price is equal to par,more than par,or less than par.
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Quizplus · Accepted Answer

Regardless of the issuance price, par value capital stock is credited with the par value of the shares issued.

When Par Value Capital Stock Is Issued,capital Stock Is Credited