The following information is provided for Murphy Corporation: - 14650

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yousafbhutta

yousafbhutta

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  • From: Business,
  • Posted on: Sat 03 Nov, 2012
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Request Description

 

The following information is provided for Murphy Corporation:

 

 

Common stock, $10 par

$340,000

Bonds payable

28,000

Additional paid-in capital from conversion of preferred

 

   stock into common

3,000

Retained earnings

100,000

Additional paid-in capital on preferred stock

10,000

Common stock subscribed

30,000

Other Comprehensive Incomel

5,600

Premium on bonds payable

2,000

Preferred stock, 6%, $100 par

80,000

 

 

What is the amount of contributed capital for Murphy Corporation?

Answer

 

$430,000

 

$433,000

 

$463,000

 

$468,600

 

Solution Description

 

The following information is provided for Murphy Corporation:

 

 

Common stock, $10 par

$340,000

Bonds payable

28,000