August, Inc. had the following transactions in 2018, its first year of operations: Issued 23,000 shares of
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August, Inc. had the following transactions in 2018, its first year of operations:
Issued 23,000 shares of common stock. The stock has par value of $ 1.00 per share and was issued at $ 16.00 per share.
Issued 1,500 shares of $ 100.00 par value preferred stock at par.
Earned net income of $ 36,000.
Paid no dividends.
At the end of 2018, what is total stockholders' equity?
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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