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

question 179

Multiple Choice

Assume that retained earnings had a beginning balance of $75,000. Match the following amounts to the appropriate term (a-h) .
-Total Paid-In Capital = Preferred Stock + Excess of Issue Price over Par
(Preferred) + Common Stock + Excess of Issue Price over Par
(Common) = $150,000 + $60,000 + $20,000 + $100,000 = $330,000

• 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