August, Inc. had the following transactions in 2018, its first year of operations: 25,000 shares...
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Accounting
August, Inc. had the following transactions in 2018, its first year of operations:
25,000 shares of common stock. The stock has par value of $2.00 per share and was issued at $ 19.00 per share.
Issued 1,600 shares of $110.00 par value preferred stock at par.
Earned net income of 35,000
Paid no dividends
At the end of 2018, what is total stockholders' equity?
A. 686,000
B. 651,000
C. 425,000
D. 226,000
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