Use the information above to answer the following question.What was the amount of additional paid-in capital reported in the balance sheet?
A) $184,000
B) $2,000
C) $71,000
D) $51,500

Question

Quizplus · Accepted Answer

The additional paid-in capital is the difference between the par value of the stock and the amount it was sold for. In this case, the par value is $100,000 and the stock was sold for $284,000, so the additional paid-in capital is $184,000.

Use the Information Above to Answer the Following Question