9 Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 160,000 shares of $7 par value common stock. During 2021, Roberto had the following transactions relating to stockholders' equity Issued 16,000 shares of common stock at $9 per share. Issued 32,000 shares of common stock at $10 per share. Reported a net income of $160,000. Paid dividends of $80,000. Purchased 2,500 shares of treasury stock at $12 (part of the 32,000 shares issued at $10). What is total stockholders' equity at the end of 2021? Multiple Choice $546,000.
9 Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 160,000 shares of $7 par value common stock. During 2021, Roberto had the following transactions relating to stockholders' equity Issued 16,000 shares of common stock at $9 per share. Issued 32,000 shares of common stock at $10 per share. Reported a net income of $160,000. Paid dividends of $80,000. Purchased 2,500 shares of treasury stock at $12 (part of the 32,000 shares issued at $10). What is total stockholders' equity at the end of 2021? Multiple Choice $546,000.
Chapter1: Financial Statements And Business Decisions
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Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 160,000 shares of $7 par value common stock. During 2021, Roberto had the following transactions relating to stockholders' equity
Issued 16,000 shares of common stock at $9 per share.
Issued 32,000 shares of common stock at $10 per share.
Reported a net income of $160,000.
Paid dividends of $80,000.
Purchased 2,500 shares of treasury stock at $12 (part of the 32,000 shares issued at $10).
What is total stockholders' equity at the end of 2021?
Multiple Choice
O
$546,000.
$978,000.
$514,000.
$1,138,000.
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