Coal,Inc.had the following amounts on its balance sheet on December 31,2018: During 2019,Coal Inc.reported net income of $69,300,declared cash dividends of $47,700,purchased additional treasury stock for $12,600,and experienced a foreign currency translation gain of $5,400.What amount will Coal report as total stockholders' equity at December 31,2019 on its statement of stockholders' equity?
A)$1,076,100.
B)$975,900.
C)$965,100.
D)$1,008,000.

Question

Coal,Inc.had the following amounts on its balance sheet on December 31,2018:  During 2019,Coal Inc.reported net income of $69,300,declared cash dividends of $47,700,purchased additional treasury stock for $12,600,and experienced a foreign currency translation gain of $5,400.What amount will Coal report as total stockholders' equity at December 31,2019 on its statement of stockholders' equity?
A)$1,076,100. 
B)$975,900. 
C)$965,100. 
D)$1,008,000.

Quizplus · Accepted Answer

The Answer of Coal,Inc.had the following amounts on its balance sheet on December 31,2018:  During 2019,Coal Inc.reported net income of $69,300,declared cash dividends of $47,700,purchased additional treasury stock for $12,600,and experienced a foreign currency translation gain of $5,400.What amount will Coal report as total stockholders' equity at December 31,2019 on its statement of stockholders' equity?
A)$1,076,100. 
B)$975,900. 
C)$965,100. 
D)$1,008,000.

Coal,IncHad the Following Amounts on Its Balance Sheet on December