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

question 92

Multiple Choice

Assume that retained earnings had a beginning balance of $75,000. Match the following amounts to the appropriate term (a-h) .
-Preferred Stock = Number of Shares of Preferred Stock Issued × Par Value of Preferred Stock = 3,000 × $50 = $150,000

• 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

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