The paid-in-capital in excess of stated value account is

Question

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 market value of the stock rises above its 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