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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