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How much is the total contributed capital

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A company's transactions in 2018, its first year of operations.

  1. Issued 2,000 common shares. Shares were issued at $50.00 per share.
  2. Issued 100 preferred shares. Shares were issued at $100 per share.
  3. Earned net income of $95,000.
  4. Paid dividends of $5,000.

Question 1: At the end of 2018, how much was the total Shareholders' equity?

A company's transactions in 2018, its first year of operations.

  1. Issued 5,000 common shares at $30.00 per share.
  2. Earned net income of $200,000.
  3. Paid dividends of $5.00 per share.

Question 2: At the end of 2018, how much is the total contributed capital?

Reference no: EM132484076

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