Creston Enterprises Has Common Stock with a Par Value of $5.During

question 217

Multiple Choice

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)$140,000
• B)$90,000
• C)$110,000
• D)$120,000

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