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The TM Stockholders' Equity Section Includes the Following What Was the Total Amount Common Stock Was Sold For

Question 69

Multiple Choice

The TM Stockholders' Equity section includes the following:
 Preferred Stock $3,800 Common Stock 5,950 Paid-in Capital in Excess of Par Value - Preferred 400 Paid-in Capital in Excess of Par Value - Common 1,750 Retained Earnings 6,000\begin{array} { | l | r | } \hline\text { Preferred Stock } & \$ 3,800 \\\hline \text { Common Stock } & 5,950 \\\hline \text { Paid-in Capital in Excess of Par Value - Preferred } & 400 \\\hline \text { Paid-in Capital in Excess of Par Value - Common } & 1,750 \\\hline \text { Retained Earnings } & 6,000 \\\hline\end{array}
What was the total amount common stock was sold for?


A) $7,700
B) $13,700
C) $11,500
D) $9,950

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