What is total? stockholders equity

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Reference no: EM131458224

Moretown, Inc. had the following transactions in? 2017, its first year of? operations:

1. Issued 35,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $23.00 per share.

2. Earned net income of $75,000.

3. Paid no dividends.

At the end of? 2017, what is total? stockholders' equity?

A. $880,000

B. $35,000

C. $805,000

D. $75,000

Reference no: EM131458224

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