Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 190,000 shares of $6 par value common stock. During 2021, Clothing Emporium had the following transactions relating to stockholders' equity: Issued 57,000 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. What is total paid-in capital at the end of 2021? Multiple Choice $703,000. $798,000 $893,000 $988,000

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Q. question 6

Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 190,000 shares of $6 par value common stock. During 2021, Clothing Emporium had the following
transactions relating to stockholders' equity:
Issued 57,000 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.
What is total paid-in capital at the end of 2021?
Multiple Choice
$703,000.
$798,000
$893,000
$988,000

Image Transcription

Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 190,000 shares of $6 par value common stock. During 2021, Clothing Emporium had the following transactions relating to stockholders' equity: Issued 57,000 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. What is total paid-in capital at the end of 2021? Multiple Choice $703,000. $798,000 $893,000 $988,000

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