What is the total paid-in capital of alpha corporation, Accounting Basics

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What is the total paid-in capital of alpha corporation

Alpha Corporation is authorized to issue 2,000,000 shares of $3 par value capital stock. The corporation issued half the stock for cash at $8 per share, earned $90,000 during the first three months of operation, and declared a cash dividend of $15,000. The total paid-in capital of Alpha Corporation after three months of operation is:

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Accounting Basics: What is the total paid-in capital of alpha corporation

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Accounting Basics: What is the total paid-in capital of alpha corporation

Reference No:- TGS046923

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Recent Questions Asked Accounting Basics

Q : At what price would you expect stock to trade immediately

Q : Determine the absorption costing net operating income

Q : Problem regarding percent salvage value

Q : Comparison of risk and return

Q : What is the total paid-in capital of alpha corporation

Q : Circumstances choose not to participate in labor force

Q : Concept of accumulated depreciation

Q : Calculate the total variance

Q : Explain why was one policy successful but not the other

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the total paid-in capital of alpha corporation

Reference No:- TGS046923

Recent Questions Asked Accounting Basics

Q : At what price would you expect stock to trade immediately

Q : Determine the absorption costing net operating income

Q : Problem regarding percent salvage value

Q : Comparison of risk and return

Q : What is the total paid-in capital of alpha corporation

Q : Circumstances choose not to participate in labor force

Q : Concept of accumulated depreciation

Q : Calculate the total variance

Q : Explain why was one policy successful but not the other

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