Question
Legacy Corporation has the following account balances: Common stock $ 200,000 Paid-in capital in excess of par value 480,000 Retained earnings 120,000 Treasury stock 30,000
Legacy Corporation has the following account balances:
| Common stock | $ 200,000 |
| Paid-in capital in excess of par value | 480,000 |
| Retained earnings | 120,000 |
| Treasury stock | 30,000 |
What is Legacys total paid-in capital?
| A. | $680,000 | |
| B. | $710,000 | |
| C. | $480,000 | |
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Wiley CIA Essentials Of Internal Auditing Part 1 Exam Review 2023
Authors: S. Rao Vallabhaneni
1st Edition
1119987148, 978-1119987147
