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?

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?

Quizplus · Accepted Answer

Total paid-in capital can be calculated by adding up the Common stock and Additional paid-in capital. In this case, Common stock is $450,000 and Additional paid-in capital is $279,000, so the total paid-in capital is $729,000 (Choice C).

The Following Information Is from the Balance Sheet of Tudor