Fahnstock Company Has the Following Information Available for the Most

question 54

Multiple Choice

Fahnstock Company has the following information available for the most current year:
$\begin{array} { l } \text {Paid-in capital, January 1, 2014 }&\$ 475,000\\ \text {Retained earnings, January 1, 2014 }&\$100,000 \\ \text { Total revenues in 2014}&\$ 870,000\\ \text {Total expenses in 2014 }&\$550,000 \\ \text {Dividend declared in 2014 }&\$70,000 \\ \text {Dividend paid in 2014 }&\$ 0\\ \text {Investments by owners in 2014 }&\$10,000 \\\end{array}$

What was the total amount of paid-in capital for Fahnstock Company at December 31,2014?

• A) $475,000
• B) $485,000
• C) $535,000
• D) $835,000

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