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Midtown, Inc. had the following transactions in 2018, its first year of operations: Issued 33,000 shares of common stock. Stock has par value of $1.00
Midtown, Inc. had the following transactions in 2018, its first year of operations: Issued 33,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $25.00 per share. Earned net income of $70,000. Paid no dividends. . At the end of 2018, what is total stockholders' equity? A. $895,000 B. $825,000 C. $70,000 D. $33,000 On the cash dividends become a liability of a corporation. O A. payment date B. declaration date O C. date of record D. last day of the fiscal year Belton, Inc. had the following transactions in 2018, its first year of operations: . Issued 38,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $21.00 per share. Earned net income of $78,000. Paid no dividends. . At the end of 2018, what is the total amount of paid in capital? A. $38,000 B. $876,000 c. $798,000 D. $78,000
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