The following information is provided for Wolf Company:
If total contributed capital is $506,000, what is the amount of additional paid-in capital on common stock for Wolf Company?
A) $52,500
B) $51,000
C) $53,500
D) $56,700

Question

The following information is provided for Wolf Company: 
If total contributed capital is $506,000, what is the amount of additional paid-in capital on common stock for Wolf Company?
A) $52,500 
B) $51,000 
C) $53,500 
D) $56,700

Quizplus · Accepted Answer

The Answer of The following information is provided for Wolf Company: 
If total contributed capital is $506,000, what is the amount of additional paid-in capital on common stock for Wolf Company?
A) $52,500 
B) $51,000 
C) $53,500 
D) $56,700

The Following Information Is Provided for Wolf Company