Orlando Corporation incorporated on January 2 of the current year.During the year,Orlando had the following transactions: What is the total amount of stockholders' equity as of December 31 of the current year?

Name: Orlando Corporation incorporated on January 2 of the current year.During the year,Orlando had the following transactions: What is the total amount of stockholders' equity as of December 31 of the current year?
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Question

Orlando Corporation incorporated on January 2 of the current year.During the year,Orlando had the following transactions:  What is the total amount of stockholders' equity as of December 31 of the current year?

Quizplus · Accepted Answer

(60,000 × $45 )- (4000 × $27)+ $400,000 = $2,992,000

Orlando Corporation Incorporated on January 2 of the Current Year