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    cristian1022's Avatar
    cristian1022 Posts: 1, Reputation: 1
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    #1

    Sep 5, 2016, 03:00 PM
    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
    InfoJunkie4Life's Avatar
    InfoJunkie4Life Posts: 1,409, Reputation: 81
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    #2

    Sep 5, 2016, 04:27 PM
    Sorry, no homework answers here... try working through it though, post what you get. Someone will here will be glad to give some guidance.
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