Harbottle Corporation was organized on January 3, 2011, with authorized capital of 100,000 shares of $10 par common stock. During 2011, Harbottle had the following transactions affecting stockholders' equity:

The cost method was used to record the treasury stock transaction. Harbottle's net income for 2011 is $300,000. What is the amount of stockholders' equity at December 31, 2011?

Question

Harbottle Corporation was organized on January 3, 2011, with authorized capital of 100,000 shares of $10 par common stock. During 2011, Harbottle had the following transactions affecting stockholders' equity:

The cost method was used to record the treasury stock transaction. Harbottle's net income for 2011 is $300,000. What is the amount of stockholders' equity at December 31, 2011?

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The Answer of Harbottle Corporation was organized on January 3, 2011, with authorized capital of 100,000 shares of $10 par common stock. During 2011, Harbottle had the following transactions affecting stockholders' equity:

The cost method was used to record the treasury stock transaction. Harbottle's net income for 2011 is $300,000. What is the amount of stockholders' equity at December 31, 2011?

Harbottle Corporation Was Organized on January 3, 2011, with Authorized