Solution-What is total paid-in capital at the end

What is total paid-in capital at the end

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Question - Poodle Corporation was organized on January 3, 2021. The firm was authorized to issue 81,000 shares of $5 par common stock. During 2021, Poodle had the following transactions relating to shareholders' equity:

Issued 22,000 shares of common stock at $5.30 per share.

Issued 16,000 shares of common stock at $8.50 per share.

Reported net income of $94,000.

Paid dividends of $58,000.

Required - What is total paid-in capital at the end of 2021?

Reference no: EM132536971

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What is total paid-in capital at the end : The firm was authorized to issue 81,000 shares of $5 par common stock. What is total paid-in capital at the end of 2021

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What is total paid-in capital at the end

Reference no: EM132536971

Reference no: EM132536971

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