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Financial Accounting MCQs

What is the best definition of Paid-in capital?

Loans made by shareholders to the company

The amount shareholders contributed to the company in exchange for the shares of common stock or preferred stock less stated par value of the securities

The excess of purchase price over asset value when a company is acquired

Assets-Liabilities=Paid-in Capital

Answer

Correct Answer: The amount shareholders contributed to the company in exchange for the shares of common stock or preferred stock less stated par value of the securities

Explanation:

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