The net income of Avid Camera Services is $20,000. The beginning and ending stockholders' equity balances were $36,000 and $54,000, respectively. The company issued no common stock. Calculate the amount of dividends
A) $12,000
B) $2,000
C) $16,000
D) $15,000
B .Stockholders' Equity Beginning Balance $36,000
Add: Net Income 20,000
Less: Stockholders' Equity Ending Balance 54,000
Dividends $2,000
You might also like to view...
The norming stage of team development is one in which close relationships develop and the group demonstrates cohesiveness.
Answer the following statement true (T) or false (F)
What skills and knowledge do salespeople need to be effective strategic problem solvers?
What will be an ideal response?
distinctive sign which identifies certain goods or services are those produced or provided by a specific person or enterprise is a/an:
a. Copyright b. Trademark c. Patent d. Tag
Which of the following defines Web 1.0 and Web 2.0?
a. Web 1.0 was a network of connected information. b. Web 1.0 was the era of cognition, in which a network of data producers served information to primarily passive consumers. c. Web 2.0 connects networks of people in addition to networks of information. d. Web 2.0 enables interactive capabilities in an environment characterized by user control, freedom, and dialogue. e. All of these.