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Question
A corporation reported the following during 2012: Net income $175,250; a sale of 10,000 shares of $5 par value common stock for $8.75 per share; a purchase of treasury stock costing $24,750; a sale of treasury stock costing $15,500 for $14,695; a declaration and distribution of a $39,000 cash dividend; a declaration and distribution of a "small" stock dividend of 5,000 shares of $5 par value common stock at a total market value of $50,000. What was the increase in owners' equity during 2012?
A. $213,695
B. $188,695
C. $198,195
D. $173,195
Answer
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