Question

At December 31, 2012, Sugarland Company reported the following on its comparative balance sheet, which included 2011 amounts for comparison (adapted, with all amounts in millions except par value per share):


1. How much did Sugarland Company’s total paid-in capital increase during 2012? What caused total paid-in capital to increase? How can you tell?
2. Did Sugarland Company have a profit or a loss for 2012? How can youtell?


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  • CreatedApril 29, 2014
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