Moretown inc had the following transactions in 2017 its, Accounting Basics

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Moretown inc had the following transactions in 2017 its

Problem

Moretown, Inc. had the following transactions in? 2017, its first year of operations:

1. Issued 39,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $27.00 per share.

2. Earned net income of $74,000.

3. Paid no dividends.

At the end of? 2017, what is total stockholders' equity?

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Accounting Basics: Moretown inc had the following transactions in 2017 its

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Accounting Basics: Moretown inc had the following transactions in 2017 its

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