The financial statements for Highland Corporation included the following selected information: Common stock $ 940,000 Retained earnings $ 750,000 Net income $ 1,190,000 Shares issued 94,000 Shares outstanding 67,000 Dividends declared and paid $ 690,000 The common stock was sold at a price of $35 per share. Required: 1. What is the amount of additional paid-in capital?
The financial statements for Highland Corporation included the following selected information: Common stock $ 940,000 Retained earnings $ 750,000 Net income $ 1,190,000 Shares issued 94,000 Shares outstanding 67,000 Dividends declared and paid $ 690,000 The common stock was sold at a price of $35 per share. Required: 1. What is the amount of additional paid-in capital?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The financial statements for Highland Corporation included the following selected information:
| Common stock | $ | 940,000 |
| $ | 750,000 | |
| Net income | $ | 1,190,000 |
| Shares issued | 94,000 | |
| Shares outstanding | 67,000 | |
| Dividends declared and paid | $ | 690,000 |
The common stock was sold at a price of $35 per share.
Required:
1. What is the amount of additional paid-in capital?
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