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Saltwell Industries received 11 500 000 for the issuance of its stock on May 14...

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Saltwell Industries received 11 500 000 for the issuance of its stock on May 14 The par value of the Saltwell stock was only 11 500 Was the excess amount of 11 488 500 profit to Saltwell If not what was it Suppose the par value of the Saltwell stock had been 2 per share 4 per share or 7 per share Would a change in the par value of the company s stock affect Saltwell s total paid in capital Give the reason for your answer The excess is The 11 488 500 is common stock revenue gross margin other gains paid in capital GID

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