Ayayai Corporation's December 31, 2020 balance sheet showed the following: 6 % preferred stock, $ 20 par
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Question:
Ayayai Corporation's December 31, 2020 balance sheet showed the following:
6% preferred stock, $20 par value, cumulative, | |
30000 shares authorized; 16000 shares issued | $ 320000 |
Common stock, $10 par value, 3,000,000 shares authorized; | |
1,950,000 shares issued, 1,920,000 shares outstanding | 19300000 |
Paid-in capital in excess of par value - preferred stock | 68000 |
Paid-in capital in excess of par value - common stock | 27500000 |
Retained earnings | 9050000 |
Treasury stock (30,000 shares) | 693000 |
Ayayai's total paid-in capital was
$46495000.
$47188000.
$27288000.
$47881000.
Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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