Weiss Corporation Reported The Following Information At December 31 2016

Preferred stock, $40 par,

Question

Weiss Corporation reported the following information at December 31, 2016:

Preferred stock, $40 par,

10,000 shares authorized, issued, and

outstanding; cumulative; nonparticipating; callable at par value

$ 400,000

Common stock, $4 par, 500,000 shares authorized

400,000

Additional paid-in capital – Common

300,000

Retained earnings

150,000

Total stockholders’ equity

$1,200,000

The total paid in capital is:

A.$800,000B.$900,000C.$300,000D.$700,000

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