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Notebook Company had the following transactions in 2018, its first year of operations. Issued 2,000 shares of common stock. Stock has par value of $1.00
Notebook Company had the following transactions in 2018, its first year of operations. Issued 2,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $50.00 per share. Issued 100 shares of $100 par value preferred stock. Shares were issued at par. Earned net income of $95,000. Paid dividends of $5,000. At the end of 2018, how much was the total Stockholders' equity? A. $200,000 B. $110,000 C. $90,000 D. $100,000
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