Can you please let me know how you got the answer

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Reference no: EM131013722

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
$ 100,000 Additional 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

$1,640,000 Retained Earnings

2,000,000 Total Shareholders ½ Equity $3,640,000

27. can you please let me know how you got the answer for ths question. 

Increase PStk

Increase APIC ? PStk    

Increase RE

 

a.

200,000

0

0

b.

150,000

50,000

0

c.

0

200,000

0

d.

50,000

150,000

0

e.

50,000

100,000

50,000

Reference no: EM131013722

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