Belton,Inc.had the following transactions in 2018,its first year of operations: • Issued 33,000 shares of common stock.Stock has par value of $1.00 per share and was issued at $24.00 per share.
• Earned net income of $73,000.
• Paid no dividends.
At the end of 2018,what is the total amount of paid-in capital?
A) $33,000
B) $865,000
C) $792,000
D) $73,000
Correct Answer:
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