Creston Enterprises has common stock with a par value of $5. During the current year, it declared and paid dividends of $20,000. It sold at $20 per share an additional 2,000 shares of stock that had not been previously issued. In addition, it had net income of $100,000 for the year. What is the amount of change to its stockholders' equity for the year?
A. $110,000
B. $120,000
C. $90,000
D. $140,000
Answer: B
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Sjostrom Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (7,000 units)$280,000Variable expenses 182,000Contribution margin 98,000Fixed expenses 84,000Net operating income$14,000If the variable cost per unit increases by $10, spending on advertising increases by $1,500, and unit sales increase by 15,800 units, the net operating income would be closest to:
A. $91,200 B. $5,700 C. $12,500 D. $114,100
The amount of federal income taxes withheld from an employee's paycheck is determined by:
A. Current earnings for the pay period and number of withholding allowances the employee claims. B. The employer's merit rating. C. Multiplying the gross pay by 6.2%. D. Tax rates provided by the state in which the employee works. E. The amount of social security taxes withheld.
Cultures that place more emphasis on informal education include Gambia and Bangladesh
Indicate whether the statement is true or false.
How does an electronic agent react to a counteroffer? Explain with an illustration
What will be an ideal response?