Wendell company provided the following pertaining to its recent year of operation:
• common stock with a $10,000 par value was sold for s50,000 cash.
• cash dividends totaling s20,000 were declared, of which s15,000 were paid.
• net income was s70,000.
• a 5% stock dividend resulted in a common stock distribution, which had a s5,ooo par value and a s23,000 market value.
• treasury stock costing 9,000 was sold for $7,000.
how much did wendell's total stockholders' equity increase during the recent year of operation?

a. s107,000.
b. $84,000.
c. s98,000.
d. $112,000.

Option (B) is correct.

Explanation:

Wendell's total stockholders' equity increase during the recent year of operation:

= Issued common stock - Cash dividend declared + Net Income - Stock dividend distributed + Sale of treasury stock below cost

= $50,000 - $20,000 + $70,000 - $23,000 + $7,000

= $84,000

Therefore, Wendell's total stockholders' equity increase by $84,000.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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