Answer
7. (i)
Work Step by Step
Additional paid-in capital on preferred stock refers to the excess amount paid above the par value of a stock issue and will be classified as paid-in capital excess of par.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 5 - Balance Sheet and Statement of Cash Flows - Exercises - Page 282: E5-3(7)
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