Paid-In Capital
Capital Stock
8% Preferred stock, $par value, cumulative, 10,000 shares...
Business, 19.05.2020 03:12 fireman59937
Paid-In Capital
Capital Stock
8% Preferred stock, $par value, cumulative, 10,000 shares authorized
6000 shares issued & outstanding………………………………………………… $900,000
Common stock, $4 par value, 460,000 shares
authorized; shares issued and shares outstanding$1,650,000
Total Capital Stock…………………………………………………………………… 2,550,000
Additional paid-in capital
In excess of par value-preferred stock……………………………………………….. 60,000
In excess of par value-common stock……………………………………………... 825,000 Total Additional PIC……………………………………………………………… 885,000
Retained Earnings…….800,000
Total paid-in capital and retained earnings 4,235,000
Less: Treasury stock (12,000 shares) (180,000)
Total stockholders' equity$4,055,000
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Answers: 2
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