Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 180,000 shares of $4 par value common stock. During 2021, Roberto had the following transactions relating to...


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Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 180,000 shares of $4 par value common stock. During 2021,<br>Roberto had the following transactions relating to stockholders' equity:<br>Issued 18,000 shares of common stock at $6 per share.<br>Issued 36,000 shares of common stock at $7 per share.<br>Reported a net income of $180,000.<br>Paid dividends of $90,000.<br>Purchased 5,000 shares of treasury stock at $9 (part of the 36,000 shares issued at $7).<br>What is total stockholders' equity at the end of 2021?<br>Multiple Choice<br>S945.000<br>$441.000<br>$765.000<br>$405.000,<br>

Extracted text: Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 180,000 shares of $4 par value common stock. During 2021, Roberto had the following transactions relating to stockholders' equity: Issued 18,000 shares of common stock at $6 per share. Issued 36,000 shares of common stock at $7 per share. Reported a net income of $180,000. Paid dividends of $90,000. Purchased 5,000 shares of treasury stock at $9 (part of the 36,000 shares issued at $7). What is total stockholders' equity at the end of 2021? Multiple Choice S945.000 $441.000 $765.000 $405.000,

Jun 09, 2022
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