Multiple Choice
Which of the following statements,regarding no-par stock,is incorrect?
A) Regardless of the stock's issue price, Cash is debited and Common Stock is credited for the cash received.
B) There can be no Paid-In Capital in Excess of Par.
C) There is no par to be in excess of.
D) All of the statements are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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