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ABC Company was organized on January 1, 2021. The firm was authorized to issue 110.000 shares of $10 par value common stock. During 2021, ABC
ABC Company was organized on January 1, 2021. The firm was authorized to issue 110.000 shares of $10 par value common stock. During 2021, ABC Company had the following transactions relating to stockholders' equity: Issued 33,000 shares of common stock at $12 per share. Issued 22,000 shares of common stock at $13 per share. Reported a net income of $110,000. Paid dividends of $55,000. What is total paid-in capital at the end of 2021? Multiple Choice $627,000 $737,000 $682,000 $792,000 4
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