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The Following Information Is Available for Mint Corporation Instructions
Based on the Preceding Information Calculate Each of the Common

Question 185

Essay

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\begin{array}{lr}\text { Common Stock (\$10 par) } & \$ 1,500,000 \\\text { Paid-in Capital in Excess of Par-Preferred } & 200,000 \\\text { Paid-in Capital in Excess of Stated Value-Common } & 750,000 \\\text { Preferred Stock } & 450,000 \\\text { Retained Earnings } & 800,000 \\\text { Treasury Stock\_Common } & 50,000\end{array} Instructions
Based on the preceding information calculate each of the following:
(a) Total paid-in capital.
(b) Total stockholders' equity.

Correct Answer:

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(a) Total paid-in capital = $2...

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