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What was mountain? air net income for fiscal 2019?

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Reference no: EM132459688

Problem: Stockholders' Equity

Common stock ($1.00 par)

Authorized-4,500,000 shares

Outstanding-1,700,000 shares 2019 -- $1,700,000

Outstanding-410,000 shares 2018 -- 410,000

Paid-in capital in excess of par420,000 <(2018) 4,700,000 <(2019)

Retained earnings 800,000 <(2018) 1400,000 <(2019)

total stockholder equity 1630,000 (2018) 7800000 (2019)

Changes in? stockholders' equity Listed are the equity sections of balance sheets for years 2018 and 2019 as reported by Mountain Air Ski? Resorts, Inc. The overall value of? stockholders' equity has risen from $ 1,630,000 to $7,800,000. Use the statements above to discover how and why this happened. The company paid total dividends of $210,000 during fiscal 2019.

a. What was Mountain? Air's net income for fiscal 2019??

b. How many new shares did the corporation issue and sell during the? year?

c. At what average price per share did the new stock sold during 2019 ?sell?

d. At what price per share did Mountain? Air's original 410,000 shares? sell?

Reference no: EM132459688

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