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, 2016. During the year ended December 31, 2017, 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, issued additional common stock for $60,000, and paid $12,000 to purchase treasury stock. What is total stockholders' equity as of December 31, 2017?

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