Assume that retained earnings had a beginning balance of $75,000. Match the following amounts to the appropriate term (a-h).
-Total Paid-In Capital = Preferred Stock + Excess of Issue Price over Par
(Preferred) + Common Stock + Excess of Issue Price over Par
(Common) = $150,000 + $60,000 + $20,000 + $100,000 = $330,000
A)Treasury stock
B)Retained earnings
C)Preferred stock
D)Excess of issue price over par (preferred)
E)Common stock
F)Total paid-in capital
G)Excess of issue price over par (common)
H)Total stockholders' equity

Question

Assume that retained earnings had a beginning balance of $75,000. Match the following amounts to the appropriate term (a-h).
-Total Paid-In Capital = Preferred Stock + Excess of Issue Price over Par 
(Preferred) + Common Stock + Excess of Issue Price over Par 
(Common) = $150,000 + $60,000 + $20,000 + $100,000 = $330,000
A)Treasury stock
B)Retained earnings
C)Preferred stock
D)Excess of issue price over par (preferred)
E)Common stock
F)Total paid-in capital
G)Excess of issue price over par (common)
H)Total stockholders' equity

Quizplus · Accepted Answer

The total paid-in capital is calculated by summing up the preferred stock, excess of issue price over par for preferred stock, common stock, and excess of issue price over par for common stock, which equals $330,000.

Assume That Retained Earnings Had a Beginning Balance of $75,000