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.

due to the changes the federal reserve is making the unused reserves will impact the economy by them facing inflation. inflation is definfed as the increase in pricing of a good or service but the decline of the value of money used for purchasing those items. when the economy has a high inflation rate, they are subject to money loss and hurt on the economy.

answer; private store;