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Overton, Inc. had the following transactions in 2017, its first year of operations: 1. Issued 15,000 shares of common stock. Stock has par value of
Overton, Inc. had the following transactions in 2017, its first year of operations: 1. Issued 15,000 shares of common stock. Stock has par value of $0.01 per share and was issued at $32.00 per share. 2. Earned net income of $200,000. 3. Paid dividends of $9.00 per share. At the end of 2017, what is total stockholders' equity? A. $65,000 B. $815,000 C. $545,000 OD. $480,000
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Cost Accounting A Managerial Emphasis 1
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
15th Edition
0133803813, 978-0133803815
