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What is the total shareholders equity at year-end

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Reference no: EM132796130

At the beginning of current year, NCT Company was organized and authorized to issue 100,00 shares with $50 par value.

During the current year, the entity had the following transactions relating to Shareholders' Equity

  1. Issued 10,000 shares at $70 per share
  2. Issued 20,000 shares at $80 per share
  3. Reported net income of $1,000,000.
  4. Declared cash dividends of $200,000.
  5. Purchased 1,000 Treasury shares at $100 per share.

Problem 1: What is the total Shareholders' Equity at year-end?

Option a. 2,800,000

Option b. 2,000,000

Option c. 3,300,000

Option d. 3,000,000

Reference no: EM132796130

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