The Gator Corporation is authorized to issue 100 shares of $100.00 preferred stock. The issuance price per share is $110.00. The journal entry includes a credit to paid-in capital in excess of par for what amount? A. $1,000.00 B. $0.00
because amount above par value will be credited into share premium because shares are issuing abover par value of 100 so $10*100 would be taken as share premium
