Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2021, Roberto had the following transactions relating to shareholders' equity: Issued 10,000 shares of common stock at $7 per share. Issued 20,000 shares of common stock at $9 per share. Reported a net income of $100,000. Paid dividends of $50,000. Purchased 3,000 shares of treasury stock at $10. What is total shareholders' equity at the end of 2021? Select one: O A. $270,000. LL B. $200,000. O C. $250,000. D. $300,000 Eilert Construction Company had a contract starting April 2021, to construct a $42,000,000 building that is expected to be completed in September 2022, at an estimated cost of $38,500,000. At the end of 2021, the costs to date were $17,710,000 and the estimated total costs to complete had not changed. The progress billings during 2021 were $8,400,000 and the cash collected during 2021 was $5,600,000. Eilert uses the completed contract method.For the year ended December 31, 2021, Eilert would recognize gross profit on the building of Select one: O A. $0. O B. $1,475,833. O C. $1,890,000 O D. $1,610,000 W Roche Pharmaceuticals entered into a licensing agreement with Zenith Lab for a new drug under development. Roche will receive $8,100,000 if the new drug receives FDA approval. Based on prior approval, Roche determines that it is 85% likely that the drug will gain approval. The transaction price of this arrangement, using the most likely outcome approach, should be Select one: O A. $6,885,000. O B. $8,100,000. O C. $1,215,000. O D. $0 until approval is received. Next page Previous page Montgomery & Co., a well-established law firm, provided 500 hours of its time to Fink Corporation and received 11,000 shares of Fink's $5 par common stock in exchange for services rendered. Montgomery's usual billing rate is $700 per hour. By what amount will Fink's paid-in capital-excess of par increase for this transaction? Select one: O A. $300,000. O B. $350,000. O C. $295,000. O D. $345,000. Next page Previous page