The corporate charter of Alpaca Co.authorized the issuance of 10 million,$1 par common shares.During 2016,its first year of operations,Alpaca had the following transactions:
What amount should Alpaca report as additional paid-in capital ‒ excess of par,in its December 31,2016,balance sheet?

Question

The corporate charter of Alpaca Co.authorized the issuance of 10 million,$1 par common shares.During 2016,its first year of operations,Alpaca had the following transactions: 
What amount should Alpaca report as additional paid-in capital ‒ excess of par,in its December 31,2016,balance sheet?

Quizplus · Accepted Answer

The Answer of The corporate charter of Alpaca Co.authorized the issuance of 10 million,$1 par common shares.During 2016,its first year of operations,Alpaca had the following transactions: 
What amount should Alpaca report as additional paid-in capital ‒ excess of par,in its December 31,2016,balance sheet?

The Corporate Charter of Alpaca Co