Multiple Choice
Assume that retained earnings had a beginning balance of $75,000. Match the following amounts to the appropriate term (a-h) .
-Excess of Issue Price over Par (Common) = Excess Price of Common Stock × Number of Shares of Common Stock Issued =
($12 - $2) × 10,000 = $100,000
A) Treasury stock
B) Retained earnings
C) Preferred stock
D) Excess of issue price over par (preferred)
E) Common stock
F) Total paid-in capital
G) Excess of issue price over par (common)
H) Total stockholders' equity
Correct Answer:

Verified
Correct Answer:
Verified
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