The following information is from the balance sheet of Tudor Corporation as of December 31, • 2015. $$\begin{array} { | l | r | }
\hline \text { Preferred Stock, } \$ 100 \text { par } & \$ 300,000 \
\hline \text { Paid-in Capital in Excess of Par-Preferred } & 21,000 \
\hline \text { Common Stock, } \$ 1 \text { par } & 102,000 \
\hline \text { Paid-in Capital in Excess of Par-Common } & 306,000 \
\hline \text { Retained Earnings } & \underline { 78,900 } \
\hline \text { Total Stockholders' Equity } & \$ 807,900 \
\hline
\end{array}$$ What was the total paid-in capital as of December 31, 2015?

Question

The following information is from the balance sheet of Tudor Corporation as of December 31, • 2015. $$\begin{array} { | l | r | } 
\hline \text { Preferred Stock, } \$ 100 \text { par } & \$ 300,000 \
\hline \text { Paid-in Capital in Excess of Par-Preferred } & 21,000 \
\hline \text { Common Stock, } \$ 1 \text { par } & 102,000 \
\hline \text { Paid-in Capital in Excess of Par-Common } & 306,000 \
\hline \text { Retained Earnings } & \underline { 78,900 } \
\hline \text { Total Stockholders' Equity } & \$ 807,900 \
\hline
\end{array}$$ What was the total paid-in capital as of December 31, 2015?

Quizplus · Accepted Answer

Total paid-in capital is the sum of preferred stock, paid-in capital in excess of par-preferred, common stock, and paid-in capital in excess of par-common: $300,000 + $21,000 + $102,000 + $306,000 = $729,000.

The Following Information Is from the Balance Sheet of Tudor