Question Details

 information is available for Macon Corporation


The following information is available for Macon Corporation:

Common Stock ($10 par)	$1,500,000
Paid-in Capital in Excess of Par—Preferred	200,000
Paid-in Capital in Excess of Stated Value—Common	750,000
Preferred Stock	450,000
Retained Earnings	800,000
Treasury Stock—Common	50,000

Instructions
Based on the preceding information, calculate each of the following:
(a)	Total paid-in capital.
(b)	Total stockholders' equity.




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