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What is the total paid-in capital at the end

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Question - Golden Retriever Corporation was organized on January 3, 2018. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2018 and relating to shareholders' equity, Golden Retriever did the following:

Issued 30,000 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

Required - What is the total paid-in capital at the end of 2018?

Reference no: EM133128688

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