Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 170,000...
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Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 170,000 shares of $8 par value common stock. During 2021, Clothing Emporium had the following transactions relating to stockholders' equity: Issued 51,000 shares of common stock at $10 per share. Issued 34,000 shares of common stock at $11 per share. Reported a net income of $170,000. Paid dividends of $85,000. What is total paid-in capital at the end of 2021? Multiple Choice $1,054,000. o $799,000. $969,000 O $884,000
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