The following information is from the balance sheet of Tudor Corporation as of December 31, • 2015. What was the total paid-in capital as of December 31, 2015?
A)$606,000
B)$807,900
C)$729,000
D)$708,000

Question

The following information is from the balance sheet of Tudor Corporation as of December 31, • 2015.  What was the total paid-in capital as of December 31, 2015?
A)$606,000 
B)$807,900 
C)$729,000 
D)$708,000

Quizplus · Accepted Answer

Total paid-in capital is found under the stockholders' equity section of the balance sheet. Add the common stock and additional paid-in capital to get the total paid-in capital. $500,000 + $229,000 = $729,000.

The Following Information Is from the Balance Sheet of Tudor