The folowing information apples to the questions displayed bełow The financial statements for Highland Corporation included the folowing selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $1,600,000 $ 900,000 1,000,000 90,000 80,000 $ 800,000 The common stock was sold at a price of $30 per share. Required: 1. What is the amount of additional paid-in capital?

The amount of additional paid-in capital is $800,000

Explanation:

1. In order to calculate the amount of additional paid-in capital we would have to make the following calculation:

additional paid-in capital=Total stock price-Common stock

Total stock price=Shares outstanding*sold price common stock

Total stock price=80,000*$30

Total stock price=$2,400,000

Therefore, additional paid-in capital=$2,400,000-$1,600,000

additional paid-in capital=$800,000

The amount of additional paid-in capital is $800,000

B. writing the first novel.

Explanation:

Although it is a matter of debate, many agree that the Tale of Genji can be considered the first novel ever written, this mostly because of the psychological nature of the narrative along with the structure of the tale which clearly falls within the scope of what is considered a novel (length, character development and setting, dialogue and polyphony, and detailed societal descriptions). The novel was written by a noblewoman by the name of Murasaki Shikibu in the 11th century of our time.