Question

Paid-in Capital in Excess of Par Valuea. is credited when no-par stock does not have a stated value.b. is reported as part of paid-in capital on the balance sheet.c. represents the amount of legal capital.d. normally has a debit balance.

Answer 1

Answer:

b. is reported as part of paid-in capital on the balance sheet.

Explanation:

the paid-in capital in excess of par value will the differnece between the stock face price and the actual amount received when the stock was issued by the company.

This is reported in the balance sheet as part of the equity. More precisely inside paid-in capital