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25 May, 22:08

A company issued 115 shares of $100 par value common stock for $12,500 cash. the total amount of paid-in capital is:

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  1. 26 May, 00:04
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    A company issued 115 shares of $100 par value

    Common stock value = $12,500

    Total amount of paid-in capital = ?

    Multiply the shares with amount par value =

    Amount of shares = 115 x 100 = $11,500

    Total amount of paid-in capital = common stock value - total amount of shares = $12,500 - $11,500

    = $1000

    So, total amount paid in capital is $1000.
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