Question
Roberto Corporation was organized on January 1, 2021.The firm was authorized to issue 98,000 shares of $5 nominal stock.In 2021, Roberto made the following equity
Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 98,000 shares of $5 nominal stock. In 2021, Roberto made the following equity transactions:
Issued 9,000 common shares at $6.40 per share.
It issued 20,600 common shares at $9.60 per share.
It reported a net income of $102,000.
It paid $46,000 in dividends.
Purchased 2,100 treasury shares at $11.60 (part of the 20,600 shares issued at $9.60).
What is total equity at the end of 2021?
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Accounting Principles Part 3
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
6th Canadian edition Volume 1
1118306805, 978-1118306802
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