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Use the following information for questions 5 and 6. Presented below is information related to Hale Corporation: Common Stock, $1 par Paid-in Capital in Excess
Use the following information for questions 5 and 6. Presented below is information related to Hale Corporation: Common Stock, $1 par Paid-in Capital in Excess of Par-Common Stock Preferred 8 1/2% Stock, $50 par Paid-in Capital in Excess of Par-Preferred Stock Retained Earnings Treasury Common Stock (at cost) $3,500,000 550,000 2,000,000 400,000 1,500,000 150,000 5) The total stockholders' equity of Hale Corporation is 5) A) $7,950,000. B) $7,800,000. C) $6,300,000. D) $6,450,000. 6) The total paid-in capital (cash collected) related to the common stock is A) $4,050,000. B) $3,900,000. C) $5,450,000. D) $3,500,000
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