CBA Company Reported Total Stockholders' Equity of $85,000 on Its

question 73

Multiple Choice

CBA Company reported total stockholders' equity of $85,000 on its balance sheet dated December 31, 2016. During the year ended December 31, 2017, CBA reported net income of $10,000, declared and paid a cash dividend of $2,000, and issued additional common stock for $20,000. What is total stockholders' equity as of December 31, 2017?

• A)$117,000.
• B)$113,000.
• C)$109,000.
• D)$115,000.

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Definitions:

Assistive Personnel

Workers who provide care and support services to patients in healthcare settings, often under the supervision of professional staff.

Dizziness

A sensation of spinning around and losing one's balance.

Arthritis

A group of painful and degenerative conditions marked by inflammation in the joints that causes stiffness and pain.

Range of Motion

A measure of the distance and direction a joint can move to its full potential.