A company issued 115 shares of $100 par value
Common stock value = $12,500
Total amount of paid-in capital = ?
Multiply the shares with amount par value =
Amount of shares = 115 x 100 = $11,500
Total amount of paid-in capital = common stock value - total amount of shares = $12,500 - $11,500
= $1000
So, total amount paid in capital is $1000.
