Klug Corporation reported the following information at December 31: Preferred stock, $10 par, 10,000 shares authorized, issued, and outstanding; cumulative; nonparticipating; callable at par value $ 100,000 Common stock, $1 par, 500,000 shares authorized 100,000 Additional paid-in capital - Common 25,000 Retained earnings 75,000 Total stockholders' equity $300,000 The total contributed capital is: A. $225,000 B. $ 75,000 C. $175,000 D. $ 25,000
Klug Corporation reported the following information at December 31: Preferred stock, $10 par, 10,000 shares authorized, issued, and outstanding; cumulative; nonparticipating; callable at par value $ 100,000 Common stock, $1 par, 500,000 shares authorized 100,000 Additional paid-in capital - Common 25,000 Retained earnings 75,000 Total stockholders' equity $300,000 The total contributed capital is: A. $225,000 B. $ 75,000 C. $175,000 D. $ 25,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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QUESTION 2
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Klug Corporation reported the following information at December 31:
Preferred stock , $10 par, 10,000 shares authorized, issued, and outstanding; cumulative; nonparticipating; callable at par value$ 100,000
Common stock, $1 par, 500,000 shares authorized
100,000
Additional paid-in capital - Common
25,000
Retained earnings 75,000
Total
stockholders' equity $300,000
The total contributed capital is:
A. $225,000
B. $ 75,000
C. $175,000
D. $ 25,000
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