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Vilka [71]
3 years ago
9

Roberto designers was organized on January 1,2021. The firm was authorized to issue 100,00 shares of $5 par value common stock.

During 2021, Roberto had the following transactions relating to stockholder's equity:
Issued 10,000 shares of common stock at $7 per share.
Issued 20,000 shares of common stock at $8 per share.
Reported a net income of $100,000.
Paid dividends of $50,000.
Purchased 3,000 shares of treasury stock at $10 (part of the 20,000 shares issued at $8).
A) $270,000
B) $200,000
C) $300,000
D) $250,000
Business
1 answer:
jekas [21]3 years ago
8 0

Answer: the correct answer is D) $250,000

Explanation:

Answers

transactions relating to stockholder's equity

Issued shares 10,000* $7 = $70,000

Issued shares 20,000*$8   = $160,000

net income                            = $100,000

                                                --------------  

Sub Total                                 $330,000  

Debts                              

50,000 dividend                       ($50,000)

3,000 *$10 treasury stock       ($30,000)    

                                                   --------------  

Sub Total                                   ($80,000)

Total   $330,000-$80,000 =  $250,000                                    

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Which of these makes this a true statement? When determining the appropriate weights used in calculating a WACC, it should refle
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8 0
3 years ago
FIN issues a $1000 par value bond that pays 7 precent annula interest and will mature in 14 years. The current market price for
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=$21.9275

6 0
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