Business, 01.10.2019 03:20 teagan56

Nance corporation's december 31, 2014 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative,30,000 shares authorized; 15,000 shares issued $ 300,000common stock, $10 par value, 3,000,000 shares authorized; 1,950,000 shares issued, 1,920,000 shares outstanding 19,500,000paid-in capital in excess of par value - preferred stock 60,000paid-in capital in excess of par value - common stock 27,000,000retained earnings 7,650,000treasury stock (30,000 shares) 630,000nance's total paid-in capital wasa. $46,860,000.b. $47,490,000.c. $46,230,000.d. $27,060,000.

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