The stockholders' equity section of Sliver Corporation's balance sheet at December 31, 2014, was as
Question 1 The stockholders' equity section of Sliver Corporation's balance sheet at December 31, 2014, was as follows: Common stock ($10 par value, authorized 1,000,000 shares, issued and outstanding 900,000 shares) ... $ 9,000,000 Paid-In capital in excess of par ................... 2,700,000 Retained earnings .................................. 1,300,000 Total stockholders' equity ......................... $13,000,000 On January 2, 2015, Sliver purchased and retired 100,000 shares of its stock for $1,800,000. Sliver records treasury stock using the par value method. Immediately after retirement of these 100,000 shares, the balances in the additional paid-in capital and retained earnings accounts should be Paid-In Capital Retained in Excess of Par Earnings $900,000 $1,300,000 $1,400,000 $800,000 $1,900,000 $1,300,000 $2,400,000 $800,000 0.6 points Question 2 To compute the price to pay for a bond, you use only the present value of $1 con...