Jason’s Corp balance sheet as of December 31, 2021, reveals the following information. Preferred stock, $100 par $ 600,000 Paid-in capital in excess of par—preferred 50,000 Common stock, $1 par 300,000 Paid-in capital in excess of par—common 520,000 Retained earnings 320,000 What was the total paid-in capital as of December 31, 2021? Question 6Answer a. $320,000 b. $1,470,000 c. $900,000 d. $1,790,000
Jason’s Corp balance sheet as of December 31, 2021, reveals the following information. Preferred stock, $100 par $ 600,000 Paid-in capital in excess of par—preferred 50,000 Common stock, $1 par 300,000 Paid-in capital in excess of par—common 520,000 Retained earnings 320,000 What was the total paid-in capital as of December 31, 2021? Question 6Answer a. $320,000 b. $1,470,000 c. $900,000 d. $1,790,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Jason’s Corp
|
|
|
$ 600,000 |
|
Paid-in capital in excess of par—preferred |
|
50,000 |
|
Common stock, $1 par |
|
300,000 |
|
Paid-in capital in excess of par—common |
|
520,000 |
|
|
|
320,000 |
What was the total paid-in capital as of December 31, 2021?
Question 6Answer
a.
$320,000
b.
$1,470,000
c.
$900,000
d.
$1,790,000
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