Overton Company Had the Following Transactions in 2012, Its First

question 2

Multiple Choice

Overton Company had the following transactions in 2012, its first year of operations.
• Issued 5,000 shares of common stock. Stock has par value of $0.01 per share and was issued at $30.00
Per share.
• Earned net income of $200,000.
• Paid dividends of $5.00 per share.
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At the end of 2012, how much is the total Paid-in capital?

• A) $150,000
• B) $325,000
• C) $175,000
• D) $200,000