Paid In Capital Computations
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Presented below is information related to Edis Corporation:
Common Stock, $1 par $4,300,000
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
2. The total paid-in capital (cash collected) related to the common stock is ???
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Solution Summary
The solution discusses the components of paid in capital as it relates to cash collected. Treasury stock is discussed and the meaning of the term, paid in capital.
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The cash collected for the sale of common stock totals 4,300,000 + 550,000 = 4,850,000. Normally, the term 'paid in capital' refers to the total contributed capital, regardless of how classified between common stock at par AND paid in capital in excess of par. I could read your question ...
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