CBA Company reported total stockholders' equity of $85,000 on its balance sheet dated December 31, 2014. During the year ended December 31, 2015, 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, 2015?
A) $117,000.
B) $113,000.
C)$109,000.
D)$115,000.

Question

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The Answer of CBA Company reported total stockholders' equity of $85,000 on its balance sheet dated December 31, 2014. During the year ended December 31, 2015, 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, 2015?
A) $117,000.
B) $113,000.
C)$109,000.
D)$115,000.

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