Business, 06.03.2020 22:00 cuki96

Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 110,000 shares of $4 par value common stock. During 2021, Roberto had the following transactions relating to stockholders' equity: Issued 11,000 shares of common stock at $6 per share. Issued 22,000 shares of common stock at $7 per share. Reported a net income of $110,000. Paid dividends of $55,000. Purchased 2,000 shares of treasury stock at $9 (part of the 22,000 shares issued at $7). What is total stockholders' equity at the end of 2021

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Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 110,000 shares...

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