nlphearts Cloud Job Description Bing Yahoo Google apter 18 Quiz Louie Company Ha

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nlphearts Cloud Job Description Bing Yahoo Google apter 18 Quiz Louie Company Has A Defined Benefit Pensi Ortega Inc, has a defined bene 8Quiz ) Help Save&Exit; Roberto Corporation was organized on January 1,2018. The firm was authorized to issue 82.000 shares of $5 par common stock. During 2018, Roberto had the following transactions relating to shareholders' equity Issued 9,100 shares of common stock at $710 per share. Issued 20,400 shares of common stock at $9 40 per share. Reported a net income of $91,000 Paid dividends of $55,000 Purchased 3,600 shares of treasury stock at $11.40 (part of the 20,400 shares issued at $9 40). What is total shareholders' equity at the end of 2018? Multiple Choice $265.290 $306,330 253.130 $251330 7411

Explanation / Answer

Answer is $ 251330 Explanation: Stockholder's equity: Paid in capital: 29500 issued common Stock at $ 5 par 147500 Additional paid in capital 108870 (9100*2.10+20400*4.40) Paid in capital: 256370 Retained earnings (91000-55000) 36000 Total 292370 Less: Treasury stock purchased 41040 Stockholder's equity: 251330

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