Orlando corporation incorporated on january 2 of the current year. during the year, orlando had the following transactions: times issued 40 comma 000 shares of common stock at $ 35 per share. the par value per share is $1. times purchased 4 comma 000 shares of treasury stock at $ 28 per share times had net income of $400,000. what is the total amount of stockholders' equity as of december 31 of the current year?

The total amount of stock holder's equity will be $1,688,000.

Explanation:

The number of common shares issued in common stock is 40,000.

The price per stock is $35.

The par value per share is $1.

The amount of treasury shares purchased is 4,000.

The price of treasury stock is $28 per share.

The net income is given at $400,000.

The value of common shares at par value is $40,000.

The paid-in capital excess of par value is

=$40000*(35-1)

=$40000*34

=$1,360,000

The expense on treasury shares

=4,000*$28

=$112,000

The total amount of stock holder's equity will be,

=common shares at par value+paid in capital excess of par value+retained earnings-expense on treasury shares

=$(40,000+1,360,000+400,000-112,000)

=$1,688,000

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported

the answer is true

for e2020 ; -;