Overton,Inc

question 94

Multiple Choice

Overton,Inc.had the following transactions in 2017,its first year of operations:
• Issued 15,000 shares of common stock.Stock has par value of $0.01 per share and was issued at $39.00 per share.
• Earned net income of $300,000.
• Paid dividends of $15.00 per share.
At the end of 2017,what is total stockholders' equity?

• A)$585,000
• B)$660,000
• C)$75,000
• D)$1,110,000

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