Paid-in-capital in excess of par represents the amount of proceeds
A. from the original sale of stock.
B. in excess of the par value from the original sale of common stock.
C. at the current market value of common stock.
D. at the current book value of common stock.
Answer:B
Paid-in-capital in excess of par represents the amount of proceeds
A. from the original sale of stock. B. in excess of the par value from the original sale of common stock. C. at the current market value of common stock. D. at the current book value of common stock.