Presented below is information related to Swifty Corporation: Common Stock, $1 par $3480000 Paid-in Capital in Excess of Par-Common 552000 Stock Preferred 8 1/2% Stock, $50 par 1960000 Paid-in Capital in Excess of Par-Preferred 397000 Stock Retained Earnings 1410000 Treasury Common Stock (at cost) 160000 The total paid-in capital (cash collected) related to the common stock is O $3480000. O $4032000. O $5430000. O $3877000.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 9 of 17
-11
Presented below is information related to Swifty Corporation:
Common Stock, $1 par
$3480000
Paid-in Capital in Excess of Par-Common
552000
Stock
Preferred 8 1/2% Stock, $50 par
1960000
Paid-in Capital in Excess of Par-Preferred
397000
Stock
Retained Earnings
1410000
Treasury Common Stock (at cost)
160000
The total paid-in capital (cash collected) related to the common stock is
O $3480000.
O $4032000.
O $5430000.
O $3877000.
Transcribed Image Text:Question 9 of 17 -11 Presented below is information related to Swifty Corporation: Common Stock, $1 par $3480000 Paid-in Capital in Excess of Par-Common 552000 Stock Preferred 8 1/2% Stock, $50 par 1960000 Paid-in Capital in Excess of Par-Preferred 397000 Stock Retained Earnings 1410000 Treasury Common Stock (at cost) 160000 The total paid-in capital (cash collected) related to the common stock is O $3480000. O $4032000. O $5430000. O $3877000.
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