Hadley Corporation issued 200,000 shares of $5 par value common stock for $25 per share. During that year, the corporation sustained a net loss of $40,000. The year-end balance sheet would show A : total paid-in capital of $4,600,000. B : total paid-in capital of $5,400,000. C : common stock of $5,000,000. D : common stock of $1,000,000.

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Humphrey

4 August, 08:24

Hadley Corporation issued 200,000 shares of $5 par value common stock for $25 per share. During that year, the corporation sustained a net loss of $40,000. The year-end balance sheet would show A : total paid-in capital of $4,600,000. B : total paid-in capital of $5,400,000. C : common stock of $5,000,000. D : common stock of $1,000,000.

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Lowe · Answer 1

D : common stock of $1,000,000

Explanation:

Hadley Corporation

Issued shares * par value common stock

Issued shares 200,000

Par value common stock $5

Hence:

200,000 x $5

= $1,000,000

Therefore the year-end balance sheet would show a common stock. of $1,000,000