The following information is from the December 31,2018 balance sheet of May Corporation.
What was the total paid-in capital as of December 31,2018?
Definitions:
Cash Disbursements
Outflows of cash for expenses, investments, and other payments made by a business.
Materials Purchases
The acquisition of raw materials or supplies required for the production of goods or provision of services.
Payment Discount
A reduction in the invoice amount offered by a seller to the buyer in return for early payment within a specified time frame.
Cash Balance
The amount of cash on hand or in bank accounts, immediately available to a business or individual.
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