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Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31,2018:

-What is total paid-in capital?

Question

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Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31,2018:
 
-What is total paid-in capital?

Quizplus · Accepted Answer

Total Paid-in Capital is the sum of Common Stock and Paid-in Capital in Excess of Par Value. 
Total Paid-in Capital = $1,200,000 (Common Stock) + $1,200,000 (Paid-in Capital in Excess of Par Value) = $2,400,000.

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