Reference no: EM132614909

Problem 1: The following table summarizes the values paid by investors on the issue of a firm's common stocks through the fiscal years 2013 to 2016. Assuming the firm has never issued Common Stock before 2013, the Balance Sheet for 2016 year end will show the value of Common Stock to be __________.

Year   Stock issued    Amount of Common Stocks Issued Par Value Total Paid by Investors on all Stocks this

Year    2013    Common Stock       A10,000      $2          $100,000

         2014         Common Stock    B50,000      $2          $120,000

           2015         Common Stock     C20,000    $2          $150,000

            2016           Common Stock   D30,000    $2            $180,000

Option 1: $110,000

Option 2: $220,000

Option 3: $330,000

Option 4: $550,000