Kendrick Corporation was organized on January 2, 2014. During 2014, Kendrick issued 20,000 shares at $32 per share, purchased 4,000 treasury shares at $26 per share, and had net income of $400,000. What is the total amount of equity at December 31, 2014?
A) $640,000
B) $936,000
C) $944,000
D) $960,000
Correct Answer:
Verified
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