The Following Information Is Available for Macon Corporation Instructions
Based on the Preceding Information, Calculate Each of the Common

question 206

Essay

The following information is available for Macon Corporation: $\begin{array}{lr}\text { Common Stock (\$10 par) } & \$ 1,700,000 \\\text { Paid-in Capital in Excess of Par-Preferred } & 200,000 \\\text { Paid-in Capital in Excess of Stated Value-Common } & 750,000 \\\text { Preferred Stock } & 450,000 \\\text { Retained Earnings } & 800,000 \\\text { Treasury Stock—Common } & 50,000\end{array}$ Instructions
Based on the preceding information, calculate each of the following:
(a) Total paid-in capital.
(b) Total stockholders' equity.

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Definitions:

Intrinsic Work Values

are the personal values and satisfaction derived from the work itself, such as fulfillment, meaning, and competence.

Extrinsic Values

Values that are motivated by external rewards such as money, praise, or awards, rather than intrinsic satisfaction.

Generation X

The demographic cohort following the baby boomers, typically identified as those born from the early-to-mid 1960s to the early 1980s.

Extrinsic Reward

A reward from an external source, often tangible, such as money, grades, or tokens, provided to motivate behavior.