Question
The financial statements for Highland Corporation included the following selected information: Common stock $ 1,600,000 Retained earnings $ 900,000 Net income $ 1,000,000 Shares issued
The financial statements for Highland Corporation included the following selected information:
Common stock $ 1,600,000
Retained earnings $ 900,000
Net income $ 1,000,000
Shares issued 90,000
Shares outstanding 80,000
Dividends declared and paid $ 800,000.
The common stock was sold at a price of $30 per share.
Required: 1. What is the amount of additional paid-in capital?
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The Quality Audit A Management Evaluation Tool
Authors: Charles A. Mills
1st Edition
0070424284, 978-0070424289
