what is the paid-in capital

Question

Martin Corporation was organized on January 3, 2007. Martin was authorized to issue 50,000 shares of common stock with a par value of $10 per share. On January 4, Martin issued 30,000 shares of common stock at $25 per share. On July 15, Martin issued an additional 10,000 shares at $20 per share. Mar...

Accepted Answer

additional paid-in capital is the amount paid in excess of the par value 30,000 * (25 - 10) 10,000 * (20 - 10 ) = 550,000 - B

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