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Business, 18.06.2020 05:57 atkinsonl1076

Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 140,000 shares of $8 par value common stock. During 2021, Clothing Emporium had the following transactions relating to stockholders' equity: Issued 42,000 shares of common stock at $10 per share. Issued 28,000 shares of common stock at $11 per share. Reported a net income of $140,000. Paid dividends of $70,000. What is total paid-in capital at the end of 2021

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Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 140,000 shares...

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