The paid-in (or contributed) capital account that is credited $100 for each share of $100 par preferred stock that is issued. If the proceeds from the issuance or sale of one of the shares is greater than $100, the amount in excess of $100 is credited to Paid-in Capital in Excess of par – Preferred Stock. To learn more about preferred stock, see Explanation of Stockholders’ Equity.
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For the past 52 years, Harold Averkamp (CPA, MBA) has
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