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Castle,Inc.had the following transactions in 2017,its first year of operations:
• Issued 22,000 shares of common stock.The stock has a par value of $4.00 per share and was issued at $20.00 per share.
• Issued 1,200 shares of $160 par value preferred stock at par.
• Earned net income of $40,000.
• Paid no dividends.
At the end of 2017,what is the total amount of paid-in capital?
Expected Value
The expected value is a statistical concept representing the average of all possible outcomes of a random variable, weighted by their probabilities.
Random Variable
A variable that can take on numerical results as outcomes of a random event.
Poisson Probability Distribution
A statistical distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space.
Continuous Probability
Describes the likelihood of outcomes in situations where the range of possible values is an interval, allowing for any value within the range.
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