Green Apron,Inc

question 34

Multiple Choice

Green Apron,Inc.had the following transactions in 2017,its first year of operations:
• Issued 35,000 shares of common stock.Stock has par value of $1.00 per share and was issued at $23.00 per share.
• Earned net income of $77,000.
• Paid no dividends.
At the end of 2017,what is the total amount of paid-in capital?

• A)$35,000
• B)$882,000
• C)$805,000
• D)$77,000

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