Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 5,000 shares have been reacquired. What is the total amount of paid-in capital that would be reported on the statement of stockholders' equity?
A)$2,050,000
B)$2,092,000
C)$4,350,000
D)$6,287,000

Question

Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 5,000 shares have been reacquired.​  What is the total amount of paid-in capital that would be reported on the statement of stockholders' equity?
A)$2,050,000 
B)$2,092,000 
C)$4,350,000 
D)$6,287,000

Quizplus · Accepted Answer

The Answer of Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 5,000 shares have been reacquired.​  What is the total amount of paid-in capital that would be reported on the statement of stockholders' equity?
A)$2,050,000 
B)$2,092,000 
C)$4,350,000 
D)$6,287,000

Using the Following Accounts and Balances, Prepare the Stockholders' Equity