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

question 75

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

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