Multiple Choice
Just In Thyme,Inc.has the following December 31,2014 equity balances: Common stock of $20,000; Additional paid-in capital of $30,000; and Retained earnings of $50,000.If Just In Thyme repurchases shares of its stock for $10,000,the total stockholders' equity balance would equal:
A) $60,000.
B) $90,000.
C) $110,000.
D) $40,000.
Correct Answer:
Verified
Correct Answer:
Verified
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