Multiple Choice
On January 1, 2016, A-Best Company's balance in retained earnings was $80,000.At the end of the year, December 31, 2016, the balance in retained earnings was $94,000.During 2016, the company earned net income of $40,000.How much were dividends?
A) $16,000
B) $24,000
C) $26,000
D) $64,000
Correct Answer:
Verified
Correct Answer:
Verified
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