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Discuss paid-in capital in excess of par value

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On January 1, 2015, the stockholders' equity section of Nance Corporation shows: Common stock ($5 par value) $1,500,000; paid-in capital in excess of par value $1,000,000; and retained earnings $1,200,000. During the year, the following treasury stock transactions occurred.

Reference no: EM131753372

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