Rollie company incorporated in 2011 and had the following, Ask an Expert

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Rollie Company incorporated in 2011 and had the following transactions during 2011: Issued 18,000 shares $40 par value preferred stock for $40. Issued 130,000 shares common stock, par value $1.00 for $12.00 per share. Reported Net loss of ($230,000). Purchased $20,000 worth of treasury stock. Declared (abut didn't pay) a dividend of $40,000. What is their total equity at the end of 2011?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9975789

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