Midtown, Inc. had the following transactions in 2018, its first year of operations:
Issued 40,000 shares of common stock. Stock has a par value of $1.00 per share and was issued at $23.00 per share.
Earned net income of $74,000.
Paid no dividends.
At the end of 2018, what is total stockholders' equity?
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Home » Business » Midtown, Inc. had the following transactions in 2018, its first year of operations: Issued 40,000 shares of common stock. Stock has a par value of $1.00 per share and was issued at $23.00 per share. Earned net income of $74,000. Paid no dividends.