Goto Section: 32.4510 | 32.4530 | Table of Contents
Revised as of September 1, 2021
Goto Year:2020 |
§ 32.4520 Additional paid-in capital.
(a) This account shall include the difference between the net proceeds
(including discount, premium and stock issuance expense) received from
the issuance of capital stock and the amount includable in Account
4510, Capital Stock, unless such difference results in a debit balance
for that class of stock, in which case the amount shall be charged to
Account 4550, Retained Earnings.
(b) This account shall also include gains arising from the retirement
and cancellation of capital stock. Losses from the retirement and
cancellation of capital stock shall be charged to this account to the
extent that there exist credits in this account for the same class of
stock; otherwise to Account 4550.
Goto Section: 32.4510 | 32.4530
Goto Year: 2020 |
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