Broadbean Co.had the following amounts on its balance sheet on December 31,2018: During 2019,Broadbean Co.reported net income of $46,200,declared cash dividends of $31,800,purchased additional treasury stock for $8,400,and experienced a foreign currency translation gain of $3,600.What amount will Broadbean report as total stockholders' equity at December 31,2019 on its statement of stockholders' equity?
A)$717,400.
B)$650,600.
C)$643,400.
D)$672,000.

Question

Broadbean Co.had the following amounts on its balance sheet on December 31,2018:  During 2019,Broadbean Co.reported net income of $46,200,declared cash dividends of $31,800,purchased additional treasury stock for $8,400,and experienced a foreign currency translation gain of $3,600.What amount will Broadbean report as total stockholders' equity at December 31,2019 on its statement of stockholders' equity?
A)$717,400. 
B)$650,600. 
C)$643,400. 
D)$672,000.

Quizplus · Accepted Answer

The Answer of Broadbean Co.had the following amounts on its balance sheet on December 31,2018:  During 2019,Broadbean Co.reported net income of $46,200,declared cash dividends of $31,800,purchased additional treasury stock for $8,400,and experienced a foreign currency translation gain of $3,600.What amount will Broadbean report as total stockholders' equity at December 31,2019 on its statement of stockholders' equity?
A)$717,400. 
B)$650,600. 
C)$643,400. 
D)$672,000.