The par value of shares issued is normally recorded in the:
A. Paid-in capital in excess of par account.
B. Common stock account.
C. Retained earnings account.
D. Appropriated retained earnings account.
Answer: B
The par value of shares issued is normally recorded in the:
A. Paid-in capital in excess of par account.
B. Common stock account.
C. Retained earnings account.
D. Appropriated retained earnings account.
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