Roberto Corporation was organized on January 1, 2020. The firm was authorized to issue 100,000...
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Roberto Corporation was organized on January 1, 2020. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2020, Roberto had the following transactions relating to shareholders' equity: Issued 10,000 shares of common stock at $7 per share. Issued 20,000 shares of common stock at $8 per share. Reported a net income of $100,000. Paid dividends of $50,000. Purchased 3,000 shares of treasury stock at $10. What is total shareholders' equity at the end of 2020?
Group of answer choices $200,000 $300,000 $250,000 $270,000
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