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Wright Stewart Company provided the following pertaining to its accounting year that ended December 31, 2022: Common stock with a $10,000 par value was
Wright Stewart Company provided the following pertaining to its accounting year that ended December 31, 2022: Common stock with a $10,000 par value was sold for $50,000 cash Cash dividends totaling $20,000 were declared, of which $15,000 were paid Net income was $70,000 A 5% stock dividend resulted in a common stock distribution, which had a $5,000 par value and a $23,000 market value Treasury stock repurchased in a prior year for $9,000 was resold for $7,000 and in the journal entry to record the sale, Additional paid-in capital was debited for the amount of the difference between the repurchase price and the resale price. Question 17 What is the amount of increase in Wright Stewart's total stockholders' equity for the year ended December 31, 2022? $107,000. $84,000. $98,000. $112,000. 5 pts What is the amount of the increase in Wright Stewart's retained earnings for the year ended December 31, 2022? $32,000. $25,000. $29,000. $27,000. Question 19 5 pts What is the amount of increase in Wright Stewart's common stock account during the year 2022? $15,000. $13,000. $24,000. $17,000. Question 20 What is the amount of net increase in Wright Stewart's additional paid-in capital account during the year 2022? $60,000. $58,000. $56,000. $24,000. 5 pts
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