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Midtown, Inc. had the following transactions in 2018, its first year of operations: Issued 36,000 shares of common stock
Posted: Thu May 19, 2022 11:50 am
by answerhappygod
- Midtown Inc Had The Following Transactions In 2018 Its First Year Of Operations Issued 36 000 Shares Of Common Stock 1 (27.79 KiB) Viewed 77 times
Midtown, Inc. had the following transactions in 2018, its first year of operations: Issued 36,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $24.00 per share. Earned net income of $71,000, Paid no dividends. At the end of 2018, what is total stockholders' equity? . . A. $36,000 B. $71,000 OC. $864,000 OD $935,000