Multiple Choice
On January 1, 2015, A-Best Company's balance in retained earnings was $70,000. At the end of the year, December 31, 2015, the balance in retained earnings was $94,000. During 2015, the company earned net income of $40,000. How much were dividends?
A) $16,000
B) $24000
C) $40,000
D) $64,000
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Which of the following would be classified
Q8: Financial statements are intended to tell the
Q14: Gyro's Shop reported a net loss of
Q16: Three organizations important to accounting are listed
Q25: Read the information about Eagle Corporation.<br>Required::<br>How much
Q40: A company is not required to prepare
Q104: What is the purpose of a statement
Q113: Which of the following is the correct
Q115: Which one of the following is an
Q138: For each statement provided, choose the letter