Thurman Corporation issued 450,000 shares of $.50 par value capital stock at the date of incorporation for cash at a price of $4 per share. During the first year of operations, the company earned, $100,000, and declared a dividend of $40,000. At this end of the first year operations, the balance of the Common Stock account is :
a) 1,800,000
b) $225,000
c) $1,860,000
d) $1,820,000
Answers: 3
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Thurman Corporation issued 450,000 shares of $.50 par value capital stock at the date of incorporati...
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