Orlando Corporation incorporated on January 2, 2017. During 2017, Orlando had the following transaction: - issued 70,000

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Orlando Corporation incorporated on January 2, 2017. During 2017, Orlando had the following transaction:

- issued 70,000 shares of common stock at $45 per share. The par value per share is $1.

- purchased 5000 shares of treasury stock at $24 per share

- had net income of $400,000

What is the total amount of stockholders' equity as of December 31, 2017?

a) $3,420,000

b) $3,410,000

c) $3,430,000

d) $3,440,000

Related Book For answer-question

Financial Accounting A User Perspective

ISBN: 978-0470676608

6th Canadian Edition

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

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Posted Date: Feb 06, 2019 10:30 AM

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Orlando Corporation incorporated on January 2, 2017. During 2017, Orlando had the following transaction: - issued 70,000

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Financial Accounting A User Perspective

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