The amount paid in by the original purchasers of common stock is ...

[azncindy619]

The amount paid in by the original purchasers of common stock is shown by two entries in the firm's balance sheetcommon stock and paid-in capital in excess of par on common stock.
 
  Indicate whether the statement is true or false

Question 2

The balance sheet is a statement which balances a firm's assets (what it owns) against its debt (what it owes) or its equity (what is provided by owners).
 
  Indicate whether the statement is true or false

[Jmfn03]

Answer to Question 1

TRUE

Answer to Question 2

TRUE