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When do you suppose to use APIC and PIC? Thanks

I don't have problem being patient but this is summer course and I need help ASAP. BTW, I didn't read your entire post just the first sentence but I already figured out the answer. Thank nonetheless.

Help?

I'm a student and not quite grasp the concept behind it as it doesn't really make much sense since I believe it's the same as stated value.

I'm looking over this illustration and I don't get why would PIC TS would be there.

UC Company originally issued 15,000 shares of $1 par, common stock for $25 per share. Record the journal entry...

Hi, I'm having problem understanding what par value and non par value is, why does it exist and when does it exist. Please help me clarify. Thanks

Morgaine, thank you for your explanations.

Thanks but I wasn't asking for the definition because I clearly understand what it means. What I don't understand is for "Preferred" why would they only calculate the authorized and for "common" they...

Why did they use two diff method under "Capital Stock"? They used 'Authorized" shared for prefer and "Issued and Outstanding" for common stock. Why did they do that?
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Any helpers have this book with you? I need help on a problem and it's very long. If you have it, please let me know. Thank you

Could someone please give me a simple example/s of contra account and a simple explanation of what it is. Thanks

Could someone confirm that's the correct definition of R.E. I thought R.E. is net not pay out dividend but my professor has in his note as "Retained Earnings = Earnings less dividends"