Shown below is information relating to the stockholders' equity of Ozone Corporation at June 30 6% cumulative preferred stock, $100 par, 50,000 shares $400,000 authorized Common stock, $4.55 par, 40,000 shares authorized; 30,800 shares issued and outstanding Additional paid-in capital: preferred stock Additional paid-in capital: common stock Retained earnings What is total paid-in capital? $140,000 $100,000 $1,400,000 $120,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Shown below is information relating to the stockholders' equity of Ozone Corporation at June 30, 2023.
$400,000
6% cumulative preferred stock, $100 par, 50,000 shares
authorized
Common stock, $4.55 par, 40,000 shares authorized; 30,800
shares
issued and outstanding
Additional paid-in capital: preferred stock
Additional paid-in capital: common stock
Retained earnings
What is total paid-in capital?
Select one:
O a. $2,160,000.
O b. $540,000.
O c. $2,040,000.
O d. $660,000.
$140,000
$100,000
$1,400,000
$120,000
Transcribed Image Text:ion Shown below is information relating to the stockholders' equity of Ozone Corporation at June 30, 2023. $400,000 6% cumulative preferred stock, $100 par, 50,000 shares authorized Common stock, $4.55 par, 40,000 shares authorized; 30,800 shares issued and outstanding Additional paid-in capital: preferred stock Additional paid-in capital: common stock Retained earnings What is total paid-in capital? Select one: O a. $2,160,000. O b. $540,000. O c. $2,040,000. O d. $660,000. $140,000 $100,000 $1,400,000 $120,000
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