If common stock is issued for an amount greater than par value, the excess goes to what account?a. Legal Capitalb. Retained EarningsC. Cashd. Paid-in-Capital in Exess of Par ValueA Moving to the next question prevents changes to this answer.&%#38.

The common stock issued is to be presented in balance sheet under liabilities section. It is to…

Answered: If common stock is issued for an amount…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

paid in capital includes the following except preferred stock par value common stock par value paid in capital excess of par common stock retained earnings
Q1. How does the value of a share of stock relate to dividends ?
What is the effect of purchasing treasury stock on a company’s earnings per share and return on equity, respectively? (Enter 1, 2, 3, or 4 that represents the correct answer.) No effect and no effect Decrease and decrease Increase and increase Increase and decrease
The issuance of common stock is classified in the statement of cash flows as a(n) a. Operating activity.b. Investing activity.c. Financing activity.d. Noncash activity.
13. For available-for-sale equity securities, receipt of a cash dividend would be reported as a. a reduction from retained earningsb. an increase in the investments available for sale accountc. a reduction in the investments available for sale accountd. dividend revenue
Please explain
How do I calculate the net abount of stock issued when the firm pays X amount of dollars in dividends?
Which of the following is true of a stock dividend?A. It is a liability.B. The decision to issue a stock dividend resides with shareholders.C. It does not affect total equity but transfers amounts between equity components.D. It creates a cash reserve for shareholders.
For fi nancial assets classifi ed as held to maturity, how are unrealized gains and losses refl ected in shareholders’ equity?B . Th ey fl ow through retained earnings.
The return on equity ratio equals net income divided by common stock. True or False
Treasury stock is classified as a(n) O Asset O Liability O Equity O Revenue or gain O Expense or loss M
Which is not one of the three sources of return for an investor in a common stock? A-debt repurchase B-dividend C-earnings growth d-valuation change

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If common stock is issued for an amount greater than par value, the excess goes to what account? Oa. Legal Capital b. Retained Earnings C. Cash d. Paid-in-Capital in Exess of Par Value