s it true of false that stock sold for amounts in excess of par value results in a gain reported on the income statement?

Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter12: Valuation: Cash-flow Based Approaches
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  1. Is it true of false that stock sold for amounts in excess of par value results in a gain reported on the income statement?
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