Carson Packaging Corporation began business in 2015 by issuing 30,000 shares of $3 par common stock for $8 per share and 12,000 share of 6%, $10 par preferred stock for par. At year end, the common stock had a market value of $12. On its December 31, 2015 balance sheet, Carson Packaging would report
A. Common Stock of $240,000
B. Additional Paid In Capital of $90,000
C. Common Stock of $90,000
D. Common Stock of $360,000
Ans: C. Common Stock of $90,000
Business
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