CBA Company reported total stockholders' equity of $85,000 on its balance sheet dated December 31,2018.During the year ended December 31,2019,CBA reported net income of $10,000,declared and paid a cash dividend of $2,000,and issued additional common stock for $20,000.What is total stockholders' equity as of December 31,2019?
A)$117,000.
B)$113,000.
C)$109,000.
D)$115,000.

Question

Quizplus · Accepted Answer

The Answer of CBA Company reported total stockholders' equity of $85,000 on its balance sheet dated December 31,2018.During the year ended December 31,2019,CBA reported net income of $10,000,declared and paid a cash dividend of $2,000,and issued additional common stock for $20,000.What is total stockholders' equity as of December 31,2019?
A)$117,000.
B)$113,000.
C)$109,000.
D)$115,000.

CBA Company Reported Total Stockholders' Equity of $85,000 on Its