Zetus Corp is authorized to issue 2,000,000 shares of P4 par value capital stock. The corporation issued half the stock for cash at 7 per share, earned 636,000 during the first three months of operation, and declared a cash dividend of P50,000. Find total paid-in capital of Zetus Corp after three months of operation.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Zetus Corp is authorized to issue 2,000,000 shares of P4 par value capital stock. The corporation
issued half the stock for cash at 7 per share, earned 636,000 during the first three months of
operation, and declared a cash dividend of P50,000.
Find total paid-in capital of Zetus Corp after three months of operation.
Transcribed Image Text:Zetus Corp is authorized to issue 2,000,000 shares of P4 par value capital stock. The corporation issued half the stock for cash at 7 per share, earned 636,000 during the first three months of operation, and declared a cash dividend of P50,000. Find total paid-in capital of Zetus Corp after three months of operation.
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