Question 19

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: 204,000 shares authorized, 150,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholder's Equity $150,000 $276,000 944,000 $1,370,000 On July 1, Year 1, the company declared and distributed a 12% stock dividend. The market value of the stock at that time was $14 per share. Following this transaction, what is the balance of Paid-In Capital in Excess of Par-Common? $276,000 $594,240 $510,000 $209,760