Zigma Corporation is authorized to issue 2,000,000 shares of $6 par value capital stock. The corporation issued half the stock for cash at $9 per share, earned $486,000 during the first three months of operation, and declared a cash dividend of $60,000. The total paid-in capital of Zigma Corporation after three months of operation is:-----------------
Zigma Corporation is authorized to issue 2,000,000 shares of $6 par value capital stock. The corporation issued half the stock for cash at $9 per share, earned $486,000 during the first three months of operation, and declared a cash dividend of $60,000. The total paid-in capital of Zigma Corporation after three months of operation is:-----------------
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Zigma Corporation is authorized to issue 2,000,000 shares of $6 par value capital stock. The corporation issued half the stock for cash at $9 per share, earned $486,000 during the first three months of operation, and declared a cash dividend of $60,000. The total paid-in capital of Zigma Corporation after three months of operation is:-----------------
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