The Following Information Is from the Balance Sheet of Tudor

question 28

Multiple Choice

The following information is from the balance sheet of Tudor Corporation as of December 31, • 2015. $$\begin{array} { | l | r | } \hline \text { Preferred Stock, } \$ 100 \text { par } & \$ 300,000 \\\hline \text { Paid-in Capital in Excess of Par-Preferred } & 21,000 \\\hline \text { Common Stock, } \$ 1 \text { par } & 102,000 \\\hline \text { Paid-in Capital in Excess of Par-Common } & 306,000 \\\hline \text { Retained Earnings } & \underline { 78,900 } \\\hline \text { Total Stockholders' Equity } & \$ 807,900 \\\hline\end{array}$$ What was the total paid-in capital as of December 31, 2015?

• A) $606,000
• B) $807,900
• C) $729,000
• D) $708,000

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Property Rights

Legal rights that dictate the ownership and use of resources, goods, or intellectual property.

Local Villages

Small communities located in rural areas, often characterized by a close-knit society and smaller populations.

Property Rights

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