The total amount of Grant's paid-in capital at December 31, 2009, is:

Name: The total amount of Grant's paid-in capital at December 31, 2009, is:
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Question

Quizplus · Accepted Answer

According to the information given in the question, the following is the calculation for the total amount of paid-in capital:
- Common stock (2 million shares x $1 par value per share): $2,000,000
- Additional paid-in capital: $1,460,000
Thus, the total amount of Grant's paid-in capital at December 31, 2009 is $3,460,000 (Option C)

The Total Amount of Grant's Paid-In Capital at December 31