Belton,Inc

question 243

Multiple Choice

Belton,Inc.had the following transactions in 2018,its first year of operations: • Issued 33,000 shares of common stock.Stock has par value of $1.00 per share and was issued at $24.00 per share.
• Earned net income of $73,000.
• Paid no dividends.
At the end of 2018,what is the total amount of paid-in capital?

• A) $33,000
• B) $865,000
• C) $792,000
• D) $73,000