Rollers company is incorporated on January 1, 2018. Company is authorized to issue 160,000 shares of $6 par value. Following transactions related to stockholder's equity is given below: Shares issued 16,000 @ $8 per share 32,000 @ $9 per share $160,000 S80,000 3,500 shares @ $11 per share Shares issued Net income Dividend paid Treasury stock purchased The balance of stockholder's equity at end of year 2018 is: a. $416,000 b. $457,500 c. $576,000 d. $489,500

Rollers company is incorporated on January 1, 2018. Company is authorized to issue 160,000 shares of $6 par value. Following transactions related to stockholder's equity is given below: Shares issued 16,000 @ $8 per share 32,000 @ $9 per share $160,000 S80,000 3,500 shares @ $11 per share Shares issued Net income Dividend paid Treasury stock purchased The balance of stockholder's equity at end of year 2018 is: a. $416,000 b. $457,500 c. $576,000 d. $489,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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