A Company Reported Total Stockholders' Equity of $340,000 on Its

Multiple Choice

A company reported total stockholders' equity of $340,000 on its balance sheet dated December 31,2010.During the year ended December 31,2011,the company reported net income of $40,000,declared and paid a cash dividend of $8,000,declared and distributed a 10% stock dividend with a $10,000 total market value,purchased treasury stock costing $12,000,and issued additional common stock for $60,000.What is total stockholders' equity as of December 31,2011?

A) $432,000
B) $410,000
C) $444,000
D) $420,000