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The Following Information Is from the Balance Sheet of Tudor

Question 16

Multiple Choice

The following information is from the balance sheet of Tudor Corporation as of December 31, 2014.
 Preferred stock, $100 par $500,000 Paid-in capital in excess of par-preferred 35,000 Common stock, $1 par 190,000 Paid-in capital in excess of par-common 380,000 Retained earnings 131,500 Total stockholders’ equity $1,236,500\begin{array}{|l|r|r|}\hline \text { Preferred stock, } \$ 100 \text { par } & \quad\quad& \$ 500,000 \\\hline \text { Paid-in capital in excess of par-preferred } && 35,000 \\\hline \text { Common stock, } \$ 1 \text { par }& & 190,000 \\\hline \text { Paid-in capital in excess of par-common } & & 380,000 \\\hline \text { Retained earnings } & & 131,500 \\\hline \text { Total stockholders' equity } && \$ 1,236,500\\\hline \end{array}

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What was the total paid-in capital as of December 31, 2014?


A) $1,236,600
B) $1,105,000
C) $956,000
D) $131,500

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