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On June 30, Year 1, Mango, Inc. showed the following data on the equity section of their balance sheet: Stockholders' Equity Common Stock, $1
On June 30, Year 1, Mango, Inc. showed the following data on the equity section of their balance sheet: Stockholders' Equity Common Stock, $1 par; 209,000 shares authorized, 146,000 shares issued and outstanding $146,000 Paid-In Capital in Excess of Par-Common $260,000 Retained Earnings 960,000 Total Stockholder's Equity $1,366,000 On July 1, Year 1, the company declared and distributed a 11% stock dividend. The market value of the stock at that time was $24 per share. Following this transaction, what is the balance of Paid-In Capital in Excess of Par-Common? $629,380 $788,770 $260,000 $202,800
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