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This question: 1 point ( s ) possible Midtown, Inc. had the following transactions in 2 0 2 5 , its first year of operations:

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This question: 1
point(s) possible
Midtown, Inc. had the following transactions in 2025, its first year of operations:
a) Issued 31,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $19.00 per share.
b) Earned net income of $73,000.
c) Paid no dividends.
At the end of 2025, what is total stockholders' equity?
A. $589,000
B. $73,000
C. $662,000
D. $31,000
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