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Ulrich Inc.'s articles of incorporation authorize the firm to issue 500,000 shares of $5 par value common stock, of which 410,000 shares have been issued
Ulrich Inc.'s articles of incorporation authorize the firm to issue 500,000 shares of $5 par value common stock, of which 410,000 shares have been issued by the company. What is the total dedicated capital (i.e., total par value of common equity) on the firm's balance sheet?
$2,050,000
$910,000
$4,550,000
$2,500,000
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