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11 Dec 2019
The excess of issue price over par of common stock is termed a(n)
a. discount.
b. income.
c. deficit.
d. premium.
The excess of issue price over par of common stock is termed a(n)
a. discount.
b. income.
c. deficit.
d. premium.
Deanna HettingerLv2
31 Mar 2020
Related questions
| Health Systems Inc. is considering a 15 percent stock dividend. The capital accounts are as follows: |
| Common stock (4,000,000 shares at $10 par) | $ 40,000,000 | |
| Capital in excess of par* | 15,000,000 | |
| Retained earnings | 45,000,000 | |
| Net worth | $100,000,000 | |
| *The increase in capital in excess of par as a result of a stock dividend is equal to the shares created times (Market price |
