What is total shareholders equity at the end of year

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Reference no: EM131881016

Question: 1. Assume the actuary estimates the net cost of providing health care benefits to a particular employee during his retirement years to have a present value of $63,000. If the benefits relate to an estimated 25 years of service and five of those years have been completed:

2. Roberto Corporation was organized on January 1, 2016. The firm was authorized to issue 87,000 shares of $5 par common stock. During 2016, Roberto had the following transactions relating to shareholders' equity:

Issued 9,300 shares of common stock at $5.50 per share.

Issued 19,900 shares of common stock at $9.60 per share.

Reported a net income of $92,000.

Paid dividends of $54,000.

Purchased 3,700 shares of treasury stock at $11.60 (part of the 19,900 shares issued at $9.60).

What is total shareholders' equity at the end of 2016?

Reference no: EM131881016

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