Compute total shareholders equity at the end of year

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XYZ Corporation was organized on January 1, 2012. The firm was authorized to issue 190,000 shares of $5 par value common stock .During 2012, XYZ had following transactions relationg to shareholders equity

Issued 190000 shares of common stock at $7 per share

Issued 38000 shares of common stock at $8 per share

reported a net income of $190,000

Paid dividends of $95,000

Purchased 2500 shares of treasury stock at $10 (part of the 38000 shares issued at $8)

Compute total shareholders' equity at the end of 2012

Reference no: EM13788835

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Compute total shareholders equity at the end of year : XYZ Corporation was organized on January 1, 2012. The firm was authorized to issue 190,000 shares of $5 par value common stock .During 2012, XYZ had following transactions relationg to shareholders equity. Issued 190000 shares of common stock at $7 p..

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