Additional paid-in capital upon issuing the stock

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Reference no: EM131219727

On January 1, 2015, Crimson Corp., a closely held corporation, issued 5% bonds with a maturity value of $90,000, together with 1,500 shares of its $3 par value common stock, for a combined cash amount of $121,800. The market value of Crimson’s stock is uncertain. If the bonds had been issued separately they would have sold at 102. What amount should Crimson report for additional paid-in capital upon issuing the stock?

$25,500

$31,800

$30,000

$34,500

Reference no: EM131219727

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