[The following information applies to the questions displayed below.]
Shown below is information relating to the stockholders' equity of Grant Corporation at December 31,2018:
Dividends have been declared and paid for 2018.
-The total amount of Grant's paid-in capital at December 31,2018,is:

Question

[The following information applies to the questions displayed below.]
Shown below is information relating to the stockholders' equity of Grant Corporation at December 31,2018:
  Dividends have been declared and paid for 2018.
-The total amount of Grant's paid-in capital at December 31,2018,is:

Quizplus · Accepted Answer

The total amount of paid-in capital is the sum of common stock and additional paid-in capital, which is $2,000,000 + $1,460,000 = $3,460,000.

[The Following Information Applies to the Questions Displayed Below