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Christian Company Has the Following Data Available What Is the Company's Total Stockholders' Equity on December 31,2015

Question 41

Multiple Choice

Christian Company has the following data available:
Dividends declared in 201 $8,000Retained Earnings, December 31, 2014 $30,000Net income for the year ended December 31,2015 $14,000Paid-in Capital, December 31, 2014 $29,000Paid-in Capital, December 31, 2015 $26,000\begin{array} { l } \text {Dividends declared in 201 }&\$8,000 \\ \text {Retained Earnings, December 31, 2014 }&\$30,000 \\ \text {Net income for the year ended December 31,2015 }&\$ 14,000\\ \text {Paid-in Capital, December 31, 2014 }&\$29,000 \\ \text {Paid-in Capital, December 31, 2015 }&\$ 26,000\\\end{array}

What is the company's total stockholders' equity on December 31,2015?


A) $36,000
B) $46,000
C) $62,000
D) $101,000

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