The Wadsworth Corp

question 69

Multiple Choice

The Wadsworth Corp.has common stock with a par value of $5.During the current year,it declared and paid dividends of $10,000.It sold at $20 per share an additional 1,000 shares of stock that had not been previously issued.In addition,it had net income of $50,000 for the year.What is the amount of change to its stockholders' equity for the year?

• A) $70,000
• B) $45,000
• C) $55,000
• D) $60,000

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Definitions:

Visual Learners

Individuals who comprehend and remember information best by seeing or visualizing materials.

Aural

Relating to the ear or the sense of hearing.

Read/Write

The basic literacy skills involving the ability to understand written text and express thoughts in written form.

Kinesthetic Learner

An individual who learns best through carrying out physical activities rather than listening to lectures or watching demonstrations.