Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. roberto designers was organized on january 1, 2018

Roberto Designers was organized on January 1, 2018. The firm was authorized to issue 190,000...

50.1K

Verified Solution

Question

Accounting

Roberto Designers was organized on January 1, 2018. The firm was authorized to issue 190,000 shares of $6 par value common stock. During 2018, Roberto had the following transactions relating to stockholders' equity:

Issued 19,000 shares of common stock at $8 per share.

Issued 38,000 shares of common stock at $9 per share.

Reported a net income of $190,000.

Paid dividends of $95,000.

Purchased 3,000 shares of treasury stock at $11 (part of the 38,000 shares issued at $9).

What is total stockholders' equity at the end of 2018?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Time Genus Species Cranial Capacity Important Features World Locations/Comments Ardipithecus Ramidus vs Orrorin vs Sahelanthropus (Toumai) Australopithecus anamensis Australopithecus afarensis Australopithecus africanus garhi Paranthropus (australopithecus in our Larsen text) aethiopicus robustus boisei – nutcracker man Homo habilis (Early...

Medical Sciences
1.2K views

Explain what VO2max actually IS and what it REPRESENTS for physical capacity.

Physics
1.2K views

A bicycle racer sprints at the end of a race to clinch a victory. The racer...

Physics
1.2K views

Describe how factors such as mass and distance affect the force of gravity throughout the universe.

Psychology
1.2K views

Objective: Obtain a working knowledge of the Victimization theories and be able to differentiate between them. It...

Basic Math
1.2K views

a 3 16 14 12 10 8 2 2 1 0 Domain Range y intercept...

Basic Math
1.2K views

Consider the parabola given by the equation: f(x) = 4x + 14x -15Find the following...

Statistics
1.2K views

nal lomew IQ test scores are normally distribute

Algebra
1.2K views

Useful formulas and identities sin 0 cos2 0 1 sin a B sina cos sin...

Accounting
1.2K views

Journalize the following transactions -33. Mega Sales is authorized to issue...

Accounting
1.2K views

Bed & Bath, a retailing company, has two departmentsHardware and Linens. The companys most recent...

Accounting
1.2K views

A firm acquires a car for company business. The car costs $12,000 and has a...