ame: ID: 15. The following information is provided for Murphy Corporation Common

Question

ame: ID: 15. The following information is provided for Murphy Corporation Common stock, $10 par Bonds payable Additional paid-in capital from conversion of preferred $340,000 28,000 stock into common Retained earnings Additional paid-in capital on preferred stock Common stock subscribed Unrealized capital Premium on bonds payable Preferred stock, 6%, $100 par 3,000 100,000 10,000 30,000 5,600 2,000 80,000 What is the amount of contributed capital for Murphy Corporation? a. $430,000 b. $433,000 c. $463,000 d. $468,600

Explanation / Answer

Contributed Capital is paid in capital which means share holders buy share directly from the company.

amount of contributed capital = 340000+3000+10000+30000+80000=$463000

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