Solution-What is total shareholders equity at the end

What is total shareholders equity at the end

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Question - Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 90,000 shares of $5 par common stock. During 2021, Roberto had the following transactions relating to shareholders' equity:

Issued 10,600 shares of common stock at $7.00 per share.

Issued 20,000 shares of common stock at $9.00 per share.

Reported a net income of $95,000.

Paid dividends of $51,000.

Purchased 3,700 shares of treasury stock at $11.00 (part of the 20,000 shares issued at $9.00).

What is total shareholders' equity at the end of 2021?

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What is total shareholders equity at the end

Reference no: EM132786713

Reference no: EM132786713

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