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N76 [4]
3 years ago
7

Wendell Company provided the following pertaining to its recent year of operation:

Business
1 answer:
myrzilka [38]3 years ago
3 0

Answer:

Option (B) is correct.

Explanation:

Wendell's total stockholders' equity increase during the recent year of operation:

= Issued common stock - Cash dividend declared + Net Income - Stock dividend distributed + Sale of treasury stock below cost

= $50,000 - $20,000 + $70,000 - $23,000 + $7,000

= $84,000

Therefore, Wendell's total stockholders' equity increase by $84,000.

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