Answer:
The answer is simply $2,200.
Explanation:
- Par value of common stock means the price of the stock as stated in the company's charter.
- The amount paid-in capital in excess of par connotes that the actual cash received for the common stock purchased by subscribers is more than the par value by a certain amount
Based on the information provided in the question, the total amount of paid-in capital in excess of par is: $14,200 - (120 shares x $100) = $2,200.
