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097. On December 31, Y10, Mima Inc. had the following balances in its stockholders' equity accounts: Common stock, $50,000 (10,000 shares of $5 par value

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097. On December 31, Y10, Mima Inc. had the following balances in its stockholders' equity accounts: Common stock, $50,000 (10,000 shares of $5 par value stock); additional paid-in capital, $100,000; and retained earnings, $50,000. Total shareholder's equity as of December 31, Y10 is: $90,000 B. $200,000 C. $270,000 D. $290,000 15 of 16

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