Christian Company Has the Following Data Available What Is the Company's Total Stockholders' Equity on December 31,2015

question 41

Multiple Choice

Christian Company has the following data available:
$\begin{array} { l } \text {Dividends declared in 201 }&\$8,000 \\ \text {Retained Earnings, December 31, 2014 }&\$30,000 \\ \text {Net income for the year ended December 31,2015 }&\$ 14,000\\ \text {Paid-in Capital, December 31, 2014 }&\$29,000 \\ \text {Paid-in Capital, December 31, 2015 }&\$ 26,000\\\end{array}$

What is the company's total stockholders' equity on December 31,2015?

• A) $36,000
• B) $46,000
• C) $62,000
• D) $101,000

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Definitions:

AIDA Strategy

A marketing model that outlines the process of attracting customer attention, interests, desire, and prompting action.

Gaining Attention

The act of drawing someone's focus or interest towards something, typically at the beginning of a speech or presentation.

Building Interest

Developing or increasing someone's attention, enthusiasm, or engagement with a particular topic or activity.

Eliciting Desire

refers to the marketing or communication strategy aimed at awakening a strong want or need for a product, service, or idea in the audience.