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Question 42 The following information is provided for Wolf Company: Retained earnings $445,000 Preferred stock, 5%, $50 par 100,000 Organization expense 2,500 Additional paid-in capital
Question 42 The following information is provided for Wolf Company: Retained earnings $445,000 Preferred stock, 5%, $50 par 100,000 Organization expense 2,500 Additional paid-in capital on common stock 300,000 Additional paid-in capital on preferred stock 2,500 Premium on bonds payable 5,700 Common stock, $10 par 35,000 What is the total contributed capital for Wolf Company? a. $437,500 b. $425,000 c. $506,000 d. $53,500
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