Presented below is information related to Hale Corporation: Common Stock, $1 par $3,500,000 Paid-in Capital in Excess of Par—Common Stock 550,000 Preferred 8 1/2% Stock, $50 par 2,000,000 Paid-in Capital in Excess of Par—Preferred Stock 400,000 Retained Earnings 1,500,000 Treasury Common Stock (at cost) 150,000 What is the total Paid-in Capital (i. e., cash collected) from Common Stock of Hale Corporation?

$4,050,000

Explanation:

Cash collected from the common stock holders include the common stock at par and Paid-in Capital in Excess of Par Common Stock. When stocks are issued over the par value of the stock. The amount excess of par value is credited to the Paid-in Capital in Excess of Par Common Stock account.

Common Stock, $1 par $3,500,000

Paid-in Capital in Excess of Par—Common Stock 550,000

Total cash received from common stockholders = $3,500,000 + 550,000

Total cash received from common stockholders = $4,050,000

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the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.