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Problem - Xi'an Inc. had the following stock transactions in 2020, its first year of operations:
1. Issued 20,000 shares of common stock. The stock has par value of $2.00 per share and was issued at $25 per share.
2. Issued 3,000 shares of $125 par value of preferred stock at par.
3. Earned net income of $120,000.
4. Xi'an did not pay any dividends.
At Xi'an's fiscal year end of 2020, what is the corporation's total paid-in capital? What is total stockholder's equity?
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question 1 the cost to produce part a was 20 per unit in 2012. during 2013 it has increased to 23 per unit. in 2013
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