Reference no: EM132545995
Question - Presented below is information related to Hale Corporation:
Common Stock, $1 par $3,500,000
Paid-in Capital in Excess of Par-Common Stock 550,000
Preferred 8 1/2% Stock, $50 par 2,000,000
Paid-in Capital in Excess of Par-Preferred Stock 400,000
Retained Earnings 1,500,000
Treasury Common Stock (at cost) 150,000
Q1. Compute the total stockholders' equity of Hale Corporation?
a. $7,800,000.
b. $7,950,000.
c. $6,300,000.
d. $6,450,000.
Q2. Compute the total paid-in capital (cash collected) related to the common stock?
a. $3,500,000.
b. $4,050,000.
c. $5,450,000.
d. $3,900,000.
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