Solved

Assume That Retained Earnings Had a Beginning Balance of $75,000

Question 154

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions