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saul85 [17]
3 years ago
11

CBA Company reported total stockholders' equity of $76,000 on its balance sheet dated December 31, 2018. During the year ended D

ecember 31, 2019, CBA reported net income of $11,900, declared and paid a cash dividend of $3,900, and issued additional common stock for $11,000. What is total stockholders' equity as of December 31, 2019
Business
1 answer:
siniylev [52]3 years ago
7 0

Answer:

$95,000

Explanation:

Calculation to determine What is total stockholders' equity as of December 31, 2019

Using this formula

Total stockholders' equity=Total stockholders' equity+Net income-Cash dividend+Additional common stock

Let plug in the formula

December 31, 2019 stockholders’ equity=$76,000+$11,900-$3,900+$11,000

December 31, 2019 stockholders’ equity=$95,000

Therefore total stockholders' equity as of December 31, 2019 is $95,000

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1 year ago
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2 years ago
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