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Overton Company had the following transactions in 2018, its first year of operations. Issued 5,000 shares of common stock. Stock has par value of $0.01
Overton Company had the following transactions in 2018, its first year of operations. Issued 5,000 shares of common stock. Stock has par value of $0.01 per share and was issued at $30.00 per share. Earned net income of $200,000. Paid dividends of $5.00 per share. At the end of 2018, how much is the total Paid-in capital? A. $150,000 B. $325,000 C. $175,000 D. $200,000
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