Solution-What amount should be reported in stockholders

What amount should be reported in stockholders equity

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Question 1: The Mills Corporation was started several years ago and incorporated in the state of Delaware. The company was granted the authorization to issue 250,000 shares of $10 per share par value common stock. At that time, 30,000 shares were issued for cash of $12 per share. Last year, another 10,000 shares were issued for cash of $19 per share. Early in the current year, the company issued 12,000 shares of this common stock as a stock dividend when the fair value was $30 per share. For the 52,000 shares that are now outstanding, what amount should be reported in stockholders' equity as additional paid-in capital ?

Option 1: $150,000

Option 2: $310,000

Option 3: $220,000

Option 4: $390,000

Reference no: EM132583494

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What amount should be reported in stockholders equity

Reference no: EM132583494

Reference no: EM132583494

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