ABC Company has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock ($2 par value), $1,100; Additional Paid-in Capital, $4,000; Retained Earnings, $27,000; Total Stockholders' equity, $32,100. ABC Company has the following transactions affecting stockholders' equity in 2021: May 18 Issues 220 additional shares of $2 par value common stock for $10 per share. May 31 Purchases 60 shares of treasury stock for $45 per share. July 1 Declares a cash dividend of $2 per share to all stockholders of record on July 15. Hint: Dividends are not paid on treasury stock. July 31 Pays the cash dividend declared on July 1. August 10 Resells 20 shares of treasury stock purchased on May 31 for $56 per share. December 31 Net income for the year ended December 31, 2021, is $800. Required: How many shares of common stock have been issued in total

ABC Company has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock ($2 par value), $1,100; Additional Paid-in Capital, $4,000; Retained Earnings, $27,000; Total Stockholders' equity, $32,100. ABC Company has the following transactions affecting stockholders' equity in 2021: May 18 Issues 220 additional shares of $2 par value common stock for $10 per share. May 31 Purchases 60 shares of treasury stock for $45 per share. July 1 Declares a cash dividend of $2 per share to all stockholders of record on July 15. Hint: Dividends are not paid on treasury stock. July 31 Pays the cash dividend declared on July 1. August 10 Resells 20 shares of treasury stock purchased on May 31 for $56 per share. December 31 Net income for the year ended December 31, 2021, is $800. Required: How many shares of common stock have been issued in total

answer; /// the above statement is (true);

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.