Alpha Corporation has the following Shareholders ½ Equity section of the Balance Sheet at 1/1/2004:
Preferred Stock, 10%, $100 Par Value, 10,000 shares authorized, 1,000 issued, and outstanding
$ 100,000Additional Paid In Capital ½ Preferred Stock
240,000Common Stock, $10 Par Value, 100,000 shares authorized, 50,000 shares issued and outstanding
500,000Additional Paid In Capital ½ Common Stock
800,000Total Paid In Capital
$1,640,000Retained Earnings
2,000,000Total Shareholders ½ Equity $3,640,000
27. can you please let me know how you got the answer for this question.
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Increase PStk
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Increase APIC ? PStk
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Increase RE
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a.
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200,000
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0
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0
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b.
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150,000
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50,000
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0
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c.
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0
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200,000
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0
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d.
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50,000
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150,000
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0
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e.
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50,000
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100,000
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50,000
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