Overton,Inc.had the following transactions in 2017,its first year of operations: • Issued 8,000 shares of common stock.Stock has par value of $0.01 per share and was issued at $40.00 per share.
• Earned net income of $200,000.
• Paid dividends of $8.00 per share.
At the end of 2017,what is total stockholders' equity?
A) $320,000
B) $456,000
C) $136,000
D) $584,000
Correct Answer:
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