Business
Business, 13.11.2019 00:31, gabbym39077

Roberto corporation was organized on january 1, 2016. the firm was authorized to issue 85,000 shares of $5 par common stock. during 2016, roberto had the following transactions relating to shareholders' equity:

issued 10,100 shares of common stock at $6.70 per share.
issued 20,200 shares of common stock at $9.10 per share.
reported a net income of $105,000.
paid dividends of $47,000.
purchased 2,300 shares of treasury stock at $11.10 (part of the 20,200 shares issued at $9.10).
what is total shareholders' equity at the end of 2016?
$305,430.

$330,960.

$286,960.

$283,960.

answer
Answers: 3

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