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Marianne Company Reports the Following Information on December 31,2011 What Is Total Stockholders' Equity at December 31,2011?
A) $20,000

question 28

Multiple Choice

Marianne Company reports the following information on December 31,2011:
 Cash $70,000 Accounts receivable 102,000 Accounts payable 71,000 Accrued wages payable 6,000 Unearned revenue 2,000 Paid-in capital 59,000 Retained earnings ? Inventory 30,000 Prepaid rent 4,000 Equipment (net)  12,000\begin{array} { l l } \text { Cash } & \$ 70,000 \\\text { Accounts receivable } & 102,000 \\\text { Accounts payable } & 71,000 \\\text { Accrued wages payable } & 6,000 \\\text { Unearned revenue } & 2,000 \\\text { Paid-in capital } & 59,000 \\\text { Retained earnings } & ? \\\text { Inventory } & 30,000 \\\text { Prepaid rent } & 4,000 \\\text { Equipment (net) } & 12,000\end{array}
What is total stockholders' equity at December 31,2011?


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