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Brush Eliminators has one class of $6 par common stock. The company has authorized 200,000 shares, issued 175,000 shares, and currently has 170,000 shares outstanding. Additional paid-in capital totals $1,593,000. What amount will Brush report as total paid-in capital? Select answer from the options below $2,793,000 $1,050,000 $2,613,000 $2,643,000

Brush Eliminators has one class of $6 par common stock. The company has authorized 200,000 shares, issued 175,000 shares, and currently has 170,000 shares outstanding. Additional paid-in capital totals $1,593,000. What amount will Brush report as total paid-in capital? Select answer from the options below $2,793,000 $1,050,000 $2,613,000 $2,643,000

FINANCIAL ACCOUNTING
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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Brush Eliminators has one class of $6 par common stock. The company has authorized 200,000 shares, issued 175,000 shares, and currently has 170,000 shares outstanding. Additional paid-in capital totals $1,593,000. What amount will Brush report as total paid-in capital? Select answer from the options below $2,793,000 $1,050,000 $2,613,000 $2,643,000
Transcribed Image Text:Brush Eliminators has one class of $6 par common stock. The company has authorized 200,000 shares, issued 175,000 shares, and currently has 170,000 shares outstanding. Additional paid-in capital totals $1,593,000. What amount will Brush report as total paid-in capital? Select answer from the options below $2,793,000 $1,050,000 $2,613,000 $2,643,000
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