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Intermediate Accounting: Reporting...
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Intermediate Accounting: Reporting...
Polk Corporation was organized on January 2, 2019, with authorized capital of 100,000 shares of $10 par value common stock. During 2019, Polk had the following transactions:
What should be the amount of additional paid-in capital at December 31, 2019?
- a. $4,000
- b. $14,000
- c. $40,000
- d. $44,000
Compute the amount of additional paid in capital at December 31, 2019
Additional paid-in-capital: It is an amount of capital received from the shareholders in excess of par value.
Compute the additional paid-in capital of Corporation P.
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