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Help Save & Exit The following shows the shareholder's equity section of the balance sheet for ABC Company at December 31, 2020: ($ in millions)
Help Save & Exit The following shows the shareholder's equity section of the balance sheet for ABC Company at December 31, 2020: ($ in millions) $ 180 Common stock ($1 par, authorized 200 million shares, issued and outstanding 180 million shares) Paid-in capital-excess of par Retained earnings Total shareholders' equity 1,080 564 $ 1.824 On January 1, 2021, ABC purchased and retired 2 million shares for $18 million. Immediately after retirement of the shares, the balances in the paid-in capital-excess of par and retained earnings accounts are: Retained earnings $ 556 duo Paid-in capital-excess of par $ 1,068 $ 1,092 $ 1,068 $ 1,080 542 Multiple Choice Option A Option B O Option C Option D
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