The following information is available for Mint Corporation: Common Stock ($10 par)............................................................. $1,500,000 Paid-in Capital in Excess

Question:

The following information is available for Mint Corporation:

Common Stock ($10 par)............................................................. $1,500,000

Paid-in Capital in Excess of Par - Preferred...........................................200,000

Paid-in Capital in Excess of Stated Value - Common ................................750,000

Preferred Stock .............................................................................450,000

Retained Earnings .........................................................................800,000

Treasury Stock - Common .................................................................50,000

Instructions

Based on the preceding information, calculate each of the following:

(a) Total paid-in capital.

(b) Total stockholders' equity

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Accounting Principles

ISBN: 978-1119411482

13th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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