If norben company issues 6,000 shares of $5 par value common stock for $210,000, group of answer choices paid-in capital in excess of par value will be increased for $30,000. paid-in capital in excess of par value will be increased for $180,000. common stock will be increased for $210,000. cash will be increased for $180,000.

The answer is: Paid-in Capital in Excess of Par Value will be increased for $180,000.

Explanation:

Norben Company's stock par value was 5$, so 6,000 stocks should be worth $30,000 par value. Since the stocks were sold at $210,000, the difference between fair market price and par value $180,000 ($210,000 - $30,000) should be credited to the account Paid-in Capital in Excess of Par Value.

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