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RH Corporation Stockholders' Equity Section Includes the Following Information Total Paid-In Capital Is:
A)$48,000

Question 41

Multiple Choice

RH Corporation Stockholders' Equity section includes the following information:  Preferred Stock $11,000 Paid-in Capital in Excess of Par-Preferred 17,000 Common Stock 16,000 Paid-in Capital in Excess of Par-Common 4,000 Retained Earnings 7,000\begin{array} { | l | r | } \hline \text { Preferred Stock } & \$ 11,000 \\\hline \text { Paid-in Capital in Excess of Par-Preferred } & 17,000 \\\hline \text { Common Stock } & 16,000 \\\hline \text { Paid-in Capital in Excess of Par-Common } & 4,000 \\\hline \text { Retained Earnings } & 7,000 \\\hline\end{array} Total paid-in capital is:


A) $48,000.
B) $55,000.
C) $27,000.
D) $21,000.

Correct Answer:

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