Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   A corporation has the following account balances. Quiz question (https://www.askmehelpdesk.com/showthread.php?t=827434)

  • Sep 5, 2016, 03:00 PM
    cristian1022
    A corporation has the following account balances. Quiz question
    Common Stock, $10 par value, $740,000; Paid-in Capitalin Excess of Par, $1,850,000. Based on this information, the_____?


    a. legal capital is $2,590,000
    b. shares issued are 1,850,000
    c. shares outstanding are 740,000
    d. legal capital is $740,000
  • Sep 5, 2016, 04:27 PM
    InfoJunkie4Life
    Sorry, no homework answers here... try working through it though, post what you get. Someone will here will be glad to give some guidance.

  • All times are GMT -7. The time now is 11:07 PM.