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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 par:
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: 202,000 shares authorized, 151,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholder's Equity $151,000 $260,000 943.000 $1.354.000 On July 1. Year 1, the company declared and distributed a 6% 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? $468,380 $260,000 O $538.760 O $228.800
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