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

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
(Preferred) = Excess Price of Preferred Stock × Number of Shares of Preferred Stock Issued =
($70 - $50) × 3,000 = $20 × 3,000 = $60,000

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