Solved: Poodle corporation was organized on january 3 2011 reported, Accounting Basics

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Poodle corporation was organized on january 3 2011 reported

Question - Poodle Corporation was organized on January 3, 2011. During 2011, Poodle had the following transactions relating to shareholders' equity:

Issued 30,000 shares of $5 par preferred stock at $7 per share.

Issued 20,000 shares of $1 par common stock at $8 per share.

Reported a net income of $100,000.

Paid dividends of $50,000.

What is total paid-in capital at the end of 2011?

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Accounting Basics: Poodle corporation was organized on january 3 2011 reported

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Accounting Basics: Poodle corporation was organized on january 3 2011 reported

Reference No:- TGS02838398

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