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Question . RBC began 2016 with $100,000 Shareholders’ Equity. During 2016 RBC (1) Issued 10,000 shares of $5 par common stock at $7 per share; (2) Issued 20,000 additional shares of $5 par common stock at $8 per share; (3) Realized Net Income of $100,000; (4) Declared dividends of $50,000 on the common stock, to be paid in 2017; (5) Purchased 3,000 shares of treasury stock at $10 (from the first 10,000 issued). What is Shareholders’ Equity at the end of 2016? A. $250,000. B. $350,000. C. $370,000. D. $400,000.. During 2016 RBC (1) Issued 10,000 shares of $5 par common stock at $7 per share; (2) Issued 20,000 additional shares of $5 par common stock at $8 per share; (3) Realized Net Income of $100,000; (4) Declared dividends of $50,000 on the common stock, to be paid in 2017; (5) Purchased 3,000 shares of treasury stock at $10 (from the first 10,000 issued). What is Shareholders’ Equity at the end of 2016? A. $250,000. B. $350,000. C. $370,000. D. $400,000.

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Question

. RBC began 2016 with $100,000 Shareholders’ Equity. During 2016 RBC
(1) Issued 10,000 shares

of $5 par common stock at $7 per share;

(2) Issued 20,000 additional shares of $5 par common stock at $8 per share;

(3) Realized Net Income of $100,000;

(4) Declared dividends of $50,000 on the common stock, to be paid in 2017;

(5) Purchased 3,000 shares of treasury stock at $10 (from the first 10,000 issued).

What is Shareholders’ Equity at the end of 2016?

A. $250,000.

B. $350,000.

C. $370,000.

D. $400,000.

 
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