Cellars, Inc. Stockholders' Equity section includes the following information:
Total paid-in capital is:

Name: Cellars, Inc. Stockholders' Equity section includes the following information: Total paid-in capital is:
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Question

Cellars, Inc. Stockholders' Equity section includes the following information: 
Total paid-in capital is:

Quizplus · Accepted Answer

Total paid-in capital is the sum of common stock and additional paid-in capital. From the given information, common stock is $50,000 and the additional paid-in capital is $64,000. Therefore, total paid-in capital is $50,000 + $64,000 = $114,000.