The following information is from the December 31, 2017 balance sheet of Tudor Corporation. Preferred Stock, $100 par $370,000 Paid-In Capital in Excess of Par - Preferred 31,000Common Stock, $1 par 122,000 Paid-In Capital in Excess of Par - Common 386,000Retained Earnings 82,900Total Stockholders' Equity $991,900What was the total paid-in capital as of December 31, 2017? A.$909,000B.$878,000C.$991,900D.$ 756,000

Question

Mathematics

Jairo Chen

21 December, 08:50

The following information is from the December 31, 2017 balance sheet of Tudor Corporation. Preferred Stock, $100 par $370,000 Paid-In Capital in Excess of Par - Preferred 31,000Common Stock, $1 par 122,000 Paid-In Capital in Excess of Par - Common 386,000Retained Earnings 82,900Total Stockholders' Equity $991,900What was the total paid-in capital as of December 31, 2017? A.$909,000B.$878,000C.$991,900D.$ 756,000

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Stevens · Answer 1

A. $909,000

Step-by-step explanation:

To compute Tudor Corporation's paid in capital as of December 31, 2017, we must get first the Total Shareholders' Equity ($991,900) minus Retained earnings as of December 31, 2017 ($82,900) plus treasury shares or any shares reacquired by the company if there is, equals $909,000

or

($991,900 - $82,900 + 0 = $909,000)