Shilling Company reports the following information for its fiscal year end of March 31,2019:Common stock, $0.01 par value per share $57 millionPaid-in capital in excess of par - CommonRetained earnings 400 millionTotal stockholders' equity $757 million300 millionWhat is the total paid-in capital for Shilling Company at March 31, 2019?a. $57 millionb. $300 millionc. $357 milliond. $757 million

Cornerstones of Financial Accounting
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ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
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Problem 67E: Cash Dividends on Common and Preferred Stock Lemon Inc. has the following information regarding its...
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Shilling Company reports the following information for its fiscal year end of March 31,
2019:
Common stock, $0.01 par value per share $57 million
Paid-in capital in excess of par - Common
Retained earnings 400 million
Total stockholders' equity $757 million
300 million
What is the total paid-in capital for Shilling Company at March 31, 2019?
a. $57 million
b. $300 million
c. $357 million
d. $757 million

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