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Roberto Designers was organized on January 1, 2024. The firm wos authorized to issue 100,000 shares of $5 par value cormmon stock, During 2024, Roberto
Roberto Designers was organized on January 1, 2024. The firm wos authorized to issue 100,000 shares of $5 par value cormmon stock, During 2024, Roberto had the following transactions relating to stockholders' equity: 1. Issued 10,000 shares of common stock at $7 per share. 2. Issued 20,000 shares of common stock at $8 per share. 3. Reported a net income of $100,000. 4. Paid dividends of $50,000. 5. Purchased 3,000 shares of treasury stock at $10 (part of the 20,000 shares issued at $8 ). What is total stockholders' equity at the end of 2024 ? Multiple Choice $300,000 $200,000 5. Purchased 3,000 shares of treasury stock at $10 (part of the 20,000 shares issued at $8 ). What is total stockholders' equity at the end of 2024? Multiple Choice $300,000 $200,000 $250,000 $270.000
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