Castle, inc. had the following transactions in 2017, its first year of operations:
a. issued...
Business, 17.12.2019 20:31, AleOfficial101
Castle, inc. had the following transactions in 2017, its first year of operations:
a. issued 22,000 shares of common stock.
b. the stock has a par value of $4.00 per share and was issued at $20.00 per share.
c. issued 1,200 shares of $160 par value preferred stock at par.
d. earned net income of $40,000.
e. paid no dividends. at the end of 2017, what is the total amount of paid-in capital?
Answers: 2
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