An analysis of stockholders' equity of Jinn Corporation as of January 1, 2008, is as follows:
Assuming no other equity transactions occurred during 2008, what should Jinn report at December 31, 2008, as total additional paid-in capital?

Question

An analysis of stockholders' equity of Jinn Corporation as of January 1, 2008, is as follows:
 Assuming no other equity transactions occurred during 2008, what should Jinn report at December 31, 2008, as total additional paid-in capital?

Quizplus · Accepted Answer

$900,000 + (2,000 × $5) - (500 × $10) = $905,000

An Analysis of Stockholders' Equity of Jinn Corporation as of January