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1. When a share of stock is first sold, the amount received by the company may be different from the amount printed on the stock certificate. Any amount over that printed amount will be recognized in which of the following accounts?
a. common stock
b. retained earnings
c. revenue from stock sales.
d. additional paid-in capital
e. long-term investment

2. The total amount of profits generated by a company and not distributed as dividends to stockholders is called:
a. revenue
b. common stock
c. par value
d. additional paid-in capital
e. retained earnings.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9980158

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