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On January 1, 2020, Anson Company started the year with a $250,000 credit balance in Retained Earnings and a $300,000 balance in Contributed Capital. During
On January 1, 2020, Anson Company started the year with a $250,000 credit balance in Retained Earnings and a $300,000 balance in Contributed Capital. During 2020, the company earned net income of $50,000, declared a dividend of $15,000, and issued more stock for $12,500. $10,000 of the dividends declared were paid in 2020, the remaining balance is to be paid in 2021. What is total stockholders equity on December 31, 2020?
A. $692,500.
B. $585,000.
C. $597,500.
D. $602,500
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