Capital stock is sold at an amount greater than stated value

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Reference no: EM131017528

The Paid-in-Capital in Excess of Stated Value account is used when

The par value of capital stock is greater than the stated value.

Capital stock is sold at an amount greater than stated value.

The number of shares issued exceeds the stock's stated value

Bonds are typically issued in units of:

$1,000
	$100

	$100,000
	$10,000

none of the above

A lease will be classified as a capital lease if:

	The sum of the lease payments is the same as the purchase price.
	The term of the lease is at least 60% of the useful life of the asset.

	The lease contains a bargain purchase option.
	The lease is non-negotiable.

None of the above

A $5 million, 20 year, 12% bond issued on May 1, 2011, at face with interest payable on May 1 and Nov. 1 will require a debit to Interest Expense on May 1, 2013, in the amount of:

	100,000
	150,000

	200,000
	300,000

none of the above

Bonds sold at a price greater than their face value are said to be sold at a:

premium
	discount

	bargain
	temporary reduction

none of the above

Bonds sold at a price lower than their face value are said to be sold at a:

	premium
	discount

	bargain
	temporary reduction

none of the above

Reference no: EM131017528

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