Paid-in Capital Common Stock, $9 par value, 3,000,000 shares authorized, $10,530,000 shares issued, and shares outstanding Additional Paid-in Capital in Excess of Par $4,680,000 Total Paid-in Capital $15,210,000 Retained Earnings $11,380,000 Total Shareholders' Equity $26,590,000
Paid-in Capital Common Stock, $9 par value, 3,000,000 shares authorized, $10,530,000 shares issued, and shares outstanding Additional Paid-in Capital in Excess of Par $4,680,000 Total Paid-in Capital $15,210,000 Retained Earnings $11,380,000 Total Shareholders' Equity $26,590,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
During 2021 if there is a net income of $2,550,000 then the total
![Balance Sheet (partial)
At December 31, 2020
Paid-in Capital
Common Stock, $9 par value, 3,000,000 shares authorized,
$10,530,000
shares issued, and shares outstanding
Additional Paid-in Capital in Excess of Par
$4,680,000
Total Paid-in Capital
$15,210,000
Retained Earnings
$11,380,000
Total Shareholders' Equity
$26,590,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff9067962-efa5-4895-88c1-c0865b897ff6%2F8bd65064-5883-4574-aead-16339a5403c9%2Fccy7gzn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Balance Sheet (partial)
At December 31, 2020
Paid-in Capital
Common Stock, $9 par value, 3,000,000 shares authorized,
$10,530,000
shares issued, and shares outstanding
Additional Paid-in Capital in Excess of Par
$4,680,000
Total Paid-in Capital
$15,210,000
Retained Earnings
$11,380,000
Total Shareholders' Equity
$26,590,000
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