Paid-In Capital Is A Debt That Must Be Paid Within the Year

Short Answer

Paid-in capital is
a debt that must be paid within the year.
the process of distributing the cost of an asset over its useful life.
the amount paid for an existing business above the value of its other assets.
a debt that is not due for at least one year.
additional money, above proceeds from a stock sale, paid directly to a firm by its owners.