What is the amount of the companys common stock

Reference no: EM131809946

The following information pertains to M-Corp, which began operations on January 1, 20X6.

(Remember, since this is the company's first year of operations, the balance in Retained earnings at 1/1/X6 is 0.)

Balance as of	December 31, 20X6	December 31, 20X7
Assets	$1,200	$2,600
Liabilities	550	1,500
Common stock	??	??
Retained earnings	250	??

For the year	20X6	20X7
Revenues	$500	$2,650
Expenses	150	1,350
Dividends	??	950

1. What is the amount of the company's common stock as of December 31, 20X6?

2. Refer to the information above for M-Corp. How much did the company pay in dividends during 20X6?

3. Refer to the information above for M-Corp. How much stock was issued during 20X7?

Reference no: EM131809946

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