Answer:
d. The amount received in excess of par value becomes part of paid-in capital.
Explanation:
When the corporation issue the capital stock which is higher than the par value it would be credited to Additional paid in capital in excess of par account
The journal entry is shown below for better understanding
Cash A/c Dr XXXXX
To Capital Stock XXXXX
To Additional Paid-in Capital in excess of par - Capital Stock XXXXX
(Being the issuance of capital stock is recorded and the remaining balance is credited to the additional paid-in capital account)
While issuing the stock, we debited the cash account and credited the common stock and additional paid-in capital account
The answer for ur question is
saving accounts usually offer higher interest rates
hope this helps
<span>The market refers to the buying and selling abilities within a ocal, state, or national economy.</span>
Answer:
In most cases rental property should be reported as an investment asset. Since, the property most likely a duplex or triplex housing is used in your business to generate income it would be considered a business asset.
Explanation: