Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What's the total paid-in-capital? Vaughn Manufacturing's December 31. 2020 balance sheet showed the following: niversity River 6% preferred stock, $20 par value, cumulative, Village Lease

What's the total paid-in-capital?

image text in transcribed
Vaughn Manufacturing's December 31. 2020 balance sheet showed the following: niversity River 6% preferred stock, $20 par value, cumulative, Village Lease 40000 shares authorized; 16000 shares issued $ 320000 Common stock, $10 par value, 4,000,000 shares authorized; - 2,600,000 shares issued. 2,560,000 shares 19700000 outstanding Paidin capital in excess of par value - preferred stock 69000 Paid-in capital in excess of par value common stock 28500000 Retained earnings 9750000 Treasury stock (40,000 shares) 494000 Vaughn's total paidin capital was $48589000. " $49429ooo. ' $47749ooo. " $21089000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microsoft Excel For Accounting The First Course

Authors: L Murphy Smith, Katherine Smith

1st Edition

0130085529, 978-0130085528

More Books

Students also viewed these Accounting questions