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
Step by Step Answer:
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso