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The following accounts are on a trial balance of a corporation: Cash... $58,000 Accounts Receivable.. 42,000 Common Stock... 50,000 Preferred Stock.. 90,000 Treasury Stock.. 110,000 Sales..... 890,000 Paid-in Capital In Excess of Par Value, Common. 390,000 Retained Earnings.... 240,000 Paid-in Capital on Treasury Stock.... 32,000 What is the amount of total Paid-in Capital for the company? Multiple Choice $422,000 $532,000 $562,000 $662,000 $692,000

The following accounts are on a trial balance of a corporation: Cash... $58,000 Accounts Receivable.. 42,000 Common Stock... 50,000 Preferred Stock.. 90,000 Treasury Stock.. 110,000 Sales..... 890,000 Paid-in Capital In Excess of Par Value, Common. 390,000 Retained Earnings.... 240,000 Paid-in Capital on Treasury Stock.... 32,000 What is the amount of total Paid-in Capital for the company? Multiple Choice $422,000 $532,000 $562,000 $662,000 $692,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following accounts are on a trial balance of a corporation: Cash... $58,000 Accounts Receivable.. 42,000 Common Stock... 50,000 Preferred Stock.. 90,000 Treasury Stock.. 110,000 Sales..... 890,000 Paid-in Capital In Excess of Par Value, Common. 390,000 Retained Earnings.... 240,000 Paid-in Capital on Treasury Stock.... 32,000 What is the amount of total Paid-in Capital for the company? Multiple Choice $422,000 $532,000 $562,000 $662,000 $692,000
Transcribed Image Text:The following accounts are on a trial balance of a corporation: Cash... $58,000 Accounts Receivable.. 42,000 Common Stock... 50,000 Preferred Stock.. 90,000 Treasury Stock.. 110,000 Sales..... 890,000 Paid-in Capital In Excess of Par Value, Common. 390,000 Retained Earnings.... 240,000 Paid-in Capital on Treasury Stock.... 32,000 What is the amount of total Paid-in Capital for the company? Multiple Choice $422,000 $532,000 $562,000 $662,000 $692,000
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