Alina Corp: Common Stock, $1 par $4,000,000 Paid in Capital-Common Stock $500,000 Preferred stock $1,500,000 Paid in capital-Preferred stock $450,000 Retained Earnings $4,750,000 Treasury Stock at cost $400,000 a. How much is the total paid-in capital (cash collected) related to common stock?

Alina Corp: Common Stock, $1 par $4,000,000 Paid in Capital-Common Stock $500,000 Preferred stock $1,500,000 Paid in capital-Preferred stock $450,000 Retained Earnings $4,750,000 Treasury Stock at cost $400,000 a. How much is the total paid-in capital (cash collected) related to common stock?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Alina Corp:

Common Stock, $1 par $4,000,000

Paid in Capital-Common Stock $500,000

Preferred stock $1,500,000

Paid in capital-Preferred stock $450,000

Retained Earnings $4,750,000

Treasury Stock at cost $400,000

a. How much is the total paid-in capital (cash collected) related to common stock?

Definition Definition Type of stock which is granted priority over dividend distributions as compared to common stockholders. Preferred stocks also do not carry any voting rights. Notably, in a case where a company is going to be liquidated, preferred stockholders have a priority claim on the value of assets of the company as quoted in the balance sheet, as compared to the common stockholders.

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