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Business, 12.08.2019 22:30 nev322

Roberto designers was organized on january 1,2021. the firm was authorized to issue 100,00 shares of $5 par value common stock. during 2021, roberto had the following transactions relating to stockholder's equity:
issued 10,000 shares of common stock at $7 per share.
issued 20,000 shares of common stock at $8 per share.
reported a net income of $100,000.
paid dividends of $50,000.
purchased 3,000 shares of treasury stock at $10 (part of the 20,000 shares issued at $8).
a) $270,000
b) $200,000
c) $300,000
d) $250,000

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Roberto designers was organized on january 1,2021. the firm was authorized to issue 100,00 shares of...
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