Kiwi Charters reported the following information at December 31,2013: Kiwi's total contributed capital is

Question

Kiwi Charters reported the following information at December 31,2013:  Kiwi's total contributed capital is

Quizplus · Accepted Answer

Total contributed capital is the sum of common stock and additional paid-in capital. From the given data, we can calculate the total contributed capital as follows:

Common Stock = $400,000 
Additional Paid-in Capital = $275,000

Total Contributed Capital = Common Stock + Additional Paid-in Capital 
                                = $400,000 + $275,000 
                                = $675,000

Therefore, the best choice is B, which is $675,000.

Kiwi Charters Reported the Following Information at December 31,2013