Question

7% preferred stock, $20 par value, cumulative, 15300 shares authorized; 5300 shares issued $ 106000 Common...

7% preferred stock, $20 par value, cumulative, 15300 shares
authorized; 5300 shares issued $ 106000
Common stock, $10 par value, 1090000 shares authorized;
1040000 shares issued, 1010000 shares outstanding 10400000
Paid-in capital in excess of par—preferred stock 29000
Paid-in capital in excess of par—common stock 11590000
Retained earnings 3790000
Treasury stock (14800 shares) 310800


Coronado’s total paid-in capital was

$22435800.
$22125000.
$21814200.
$12175000.

Homework Answers

Answer #1

Coronado’stotal paid-in-capital is $22,125,000 ,Option B

Coronado’s total paid-in-capital
7% Preferred Stock 106,000
Common stock 10,400,000
Paid-in-capital in excess of Par
Paid-in-capital in excess of Par - Preferred stock             29,000
Paid-in-capital in excess of Par - Common stock       11,590,000
Total Paid-in-capital       22,125,000
Hence, Coronado’stotal paid-in-capital is $22,125,000 ,Option B
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