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Montano1993 [528]
3 years ago
8

Hadley Corporation issued 200,000 shares of $5 par value common stock for $25 per share. During that year, the corporation susta

ined 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.
Business
1 answer:
kari74 [83]3 years ago
8 0

Answer:

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

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