Waterway Corporation was organized on January 2, 2020. During 2020, Waterway issued 39200 shares at $22 per share, purchased 5700 shares of treasury stock at $24 per share, and had net income of $615000. What is the total amount of stockholders’ equity at December 31, 2020? $1216600 $1376600 $1340600 $1352000

Waterway Corporation was organized on January 2, 2020. During 2020, Waterway issued 39200 shares at $22 per share, purchased 5700 shares of treasury stock at $24 per share, and had net income of $615000. What is the total amount of stockholders’ equity at December 31, 2020? $1216600 $1376600 $1340600 $1352000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 4MC

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