im Croce Corporation's stockholders' equity at December 31 consists of the following:

Preferred stock, 8%; $50 par value; call price $55 per share; 100,000 shares authorized; 15,000 shares issued and outstanding ...........$ 750,000

Common stock, $4 par value; 600,000 shares authorized; _???? shares issued; and ____???? shares outstanding................................$2,000,000

Additional paid-in-capital in excess of par-Common..................................................................................................................................................$1,000,000

Retained Earnings ............................................................................................................................................................................................................. $ 500,000

Treasury Stock (16,000shares)..........................................................................................................................................................................................$200,000

Compute total stockholders' equity:

	A.	$4,050,000
	B.	$4,250,000.
	C.	$4,450,000.
	D.	$3,750,000

1. 4000 shares of treasury stock of Meyer, Inc., previously acquired at $15 per share, are sold at $21 per share. The entry to record this transaction will include a

   	A.	credit to Treasury Stock for $84,000.
   	B.	debit to Paid-In Capital from Treasury Stock for $14,000.
   	C.	credit to Treasury Stock for $60,000.
   	D.	credit to Paid-In Capital from Treasury Stock for $60,000.

2. Jim Croce Corporation's stockholders' equity at December 31 consists of the following:

   Preferred stock, 8%; $50 par value; call price $55 per share; 100,000 shares authorized; 15,000 shares issued and outstanding ...........$ 750,000

   Common stock, $4 par value; 600,000 shares authorized; _???? shares issued; and ____???? shares outstanding................................$2,000,000

   Additional paid-in-capital in excess of par-Common..................................................................................................................................................$1,000,000

   Retained Earnings ............................................................................................................................................................................................................. $ 500,000

   Treasury Stock (16,000shares)..........................................................................................................................................................................................$200,000

   Compute the total Paid-In -Capital:

   	A.	$3,750,000
   	B.	$4,050,000.
   	C.	$4,450,000.
   	D.	$4,250,000

3. Jim Croce Corporation's stockholders' equity at December 31 consists of the following:

   Preferred stock, 8%; $50 par value; call price $55 per share; 100,000 shares authorized; 15,000 shares issued and outstanding ...........$ 750,000

   Common stock, $4 par value; 600,000 shares authorized; _???? shares issued; and ____???? shares outstanding................................$2,000,000

   Additional paid-in-capital in excess of par-Common..................................................................................................................................................$1,000,000

   Retained Earnings ............................................................................................................................................................................................................. $ 500,000

   Treasury Stock (16,000shares)..........................................................................................................................................................................................$200,000

   Compute the number of common shares issued:

   	A.	200,000.
   	B.	208,000.
   	C.	500,000.
   	D.	600,000.

4. Jim Croce Corporation's stockholders' equity at December 31 consists of the following:

   Preferred stock, 8%; $50 par value; call price $55 per share; 100,000 shares authorized; 15,000 shares issued and outstanding ...........$ 750,000

   Common stock, $4 par value; 600,000 shares authorized; _???? shares issued; and ____???? shares outstanding................................$2,000,000

   Additional paid-in-capital in excess of par-Common..................................................................................................................................................$1,000,000

   Retained Earnings ............................................................................................................................................................................................................. $ 500,000

   Treasury Stock (16,000shares)..........................................................................................................................................................................................$200,000

   Compute the number of common shares outstanding:

   	A.	600,000.
   	B.	484,000.
   	C.	584,000.
   	D.	500,000.

5. Organization costs should be categorized as

   	A.	intangible asset
   	B.	long-term investments.
   	C.	operating expenses.
   	D.	operating revenues