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Is this correct A company reported total stockholders' equity of $533,000 on its balance sheet dated December 31, 2016. During the year ended December 31,
Is this correct A company reported total stockholders' equity of $533,000 on its balance sheet dated December 31, 2016. During the year ended December 31, 2017 the company reported net income of $61, 700 declared and paid a cash dividend of $19, 700 declared and distributed a 10% stock dividend with a $16, 700 total market value, issued additional common stock for $13, 700 and resold treasury stock for $16, 700 that it has purchased in 2016 for $63,000. What is total stockholders' equity as December 31, 2017? $657, 700 $651, 700 $641,000 $654,000
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