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The Following Information Is from the December 31,2018 Balance Sheet

Question 141

Multiple Choice

The following information is from the December 31,2018 balance sheet of May Corporation.  Preferred Stock, $100 par $390,000 Paid-In Capital in Excess of Par-Preferred 25,000 Common Stock, $1 par 152,000 Paid-In Capital in Excess of Par-Common 346,000 Retained Earnings $3,900 Total Stockholders’ Equity $996,900\begin{array} { | l | r | } \hline \text { Preferred Stock, } \$ 100 \text { par } & \$ 390,000 \\\hline \text { Paid-In Capital in Excess of Par-Preferred } & 25,000 \\\hline \text { Common Stock, } \$ 1 \text { par } & 152,000 \\\hline \text { Paid-In Capital in Excess of Par-Common } & 346,000 \\\hline \text { Retained Earnings } & \$ 3,900 \\\hline \text { Total Stockholders' Equity } & \$ 996,900 \\\hline\end{array} What was the total paid-in capital as of December 31,2018?


A) $736,000
B) $996,900
C) $913,000
D) $888,000

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