Multiple Choice
Sooner Company had a net income of $8,000,$5,000,$12,000,and $10,000 over the first four years of the company's existence.If the average annual amount of dividends paid over the last four years is $3,000,what is the ending retained earnings balance?
A) $47,000.
B) $35,000.
C) $23,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q131: Which of the following has the single
Q132: One of the differences between a partnership
Q133: Retained earnings at the end of the
Q134: Which financial accounting number impacts stock prices
Q135: Net income (loss)appears in which two financial
Q137: Financial accounting objectives do not include providing
Q138: Consider the following account balances of
Q139: How many of the following transactions would
Q140: Which of the following accounts represents a
Q141: The rules of financial accounting are called