#37. Midtown, Inc. had the following transactions in 2018, its first year of operations: ...
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#37. Midtown, Inc. had the following transactions in 2018, its first year of operations:
Issued 38.000 shares of common stock. Stock has par value of $1.00 per share and was issued at $23.00 per share.
Earned net income of $80,000. Paid no dividends. At the end of 2018, what is total stockholders' equity? multiple choice
O A. $38,000
O B. $80,000
O c. $954,000
O D. $874,000
#37. Midtown, Inc. had the following transactions in 2018, its first year of operations:
Issued 38.000 shares of common stock. Stock has par value of $1.00 per share and was issued at $23.00 per share.
Earned net income of $80,000. Paid no dividends. At the end of 2018, what is total stockholders' equity? multiple choice
O A. $38,000
O B. $80,000
O c. $954,000
O D. $874,000
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