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Haylie Ernser DVM

Feb 20, 2025

Capital in excess of par and Retained Earnings?

Hello! I’ve been working on an exercise for one of my classes and I’ve been unable to solve one of the problems, I am given the following information: Common stock $ 1,600,000 Retained earnings $ 900,000 Net income $ 1,000,000 Shares issued 90,000 Shares outstanding 80,000 Dividends declared and paid $ 800,000The common stock was sold at a price of $20 per share.What is the amount of capital in excess of par?What was the amount of retained earnings at the beginning of the year?How do I determine capital in excess of par and retained earnings from this information?
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Johathan Wehner

Feb 20, 2025

Shares Issued 90,000 x $20 = 1,800,000 – 1,600,000 at par value = 200,000 Capital in Excess of ParRetained Earnings at end of year – 900,000Less Net Income – 1,000,000Plus Dividends declared – 800,000Retained Earnings, beginning of year – 700,000... Show More
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