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    MSCG's Avatar
    MSCG Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Apr 21, 2012, 06:57 AM
    stockholder's equity
    Paid in capital
    preferred stock, 5%, 5 par,650,000 shares authorized, 280,000 shares issued $1,400,000
    common stock, par value $1 per share, 5,000,000 shares authorized, 1,350,000 shares issued and outstanding 1,350,000
    Paid in capital in excess of par- common 2,400,000

    My question is,
    how did they get the 2,400,000?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Apr 22, 2012, 04:08 PM
    Quote Originally Posted by MSCG View Post
    Paid in capital
    preferred stock, 5%, 5 par,650,000 shares authorized, 280,000 shares issued $1,400,000
    common stock, par value $1 per share, 5,000,000 shares authorized, 1,350,000 shares issued and outstanding 1,350,000
    Paid in capital in excess of par- common 2,400,000

    My question is,
    how did they get the 2,400,000?
    It is just part of the question

    the par value is $1 per share, in excess of par means a premium was paid
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