Answer:
Total paid-in capital of Zigma Corporation = $4,000,000
Explanation:
Given:
Number of authorized issue = 2,000,000
Half issued at $8 per share
Find:
Total paid-in capital of Zigma Corporation
Computation:
Total paid-in capital of Zigma Corporation = [Number of authorized issue][1/2][Paid up amount for each share]
Total paid-in capital of Zigma Corporation = [2,000,000][1/2][8]
Total paid-in capital of Zigma Corporation = [2,000,000][0.5][8]
Total paid-in capital of Zigma Corporation = [2,000,000][4]
Total paid-in capital of Zigma Corporation = $4,000,000
