Total stockholders' equity $1.236.500 What was the total paid-in capital (Contributed Capital) as of December 31, 2014? A. $1,236,600 B. $1,105,000 C. $956,000 D. $131,500

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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The following information is from the balance sheet of Tudor Corporation as of December 31, 2014.
Preferred stock, $100 par
$500,000
Paid-in capital in excess of par-preferred $35,000
Common stock, $1 par
$190,000
Paid-in capital in excess of par-common $380,000
Retained earnings
$131,500
Total stockholders' equity
$1.236.500
What was the total paid-in capital (Contributed Capital) as of December 31, 2014?
A. $1,236,600
B. $1,105,000
C. $956.000
D. $131,500
Transcribed Image Text:The following information is from the balance sheet of Tudor Corporation as of December 31, 2014. Preferred stock, $100 par $500,000 Paid-in capital in excess of par-preferred $35,000 Common stock, $1 par $190,000 Paid-in capital in excess of par-common $380,000 Retained earnings $131,500 Total stockholders' equity $1.236.500 What was the total paid-in capital (Contributed Capital) as of December 31, 2014? A. $1,236,600 B. $1,105,000 C. $956.000 D. $131,500
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