On January 1, 2012, Money Company's balance in retained earnings was $10,000,000. At the end of the year, December 31, 2012, the balance in retained earnings was $9,400,000. During 2012, the company earned net income of $440,000. How much were dividends?
A) $1,040,000
B) $1,000,000
C) $ 600,000
D) $ 440,000
A
You might also like to view...
A company where privatization resulted from a leveraged buyout is more interested in which of the following situations?
A) creating more jobs for the community B) generating profits and cash flow to pay down debt C) plowing money into activities that will help gain market share D) developing new products
Tools used by a speaker to help support the audience’s interest in and understanding of the presentation such as visual or audio clips are called
a. props. b. outlines. c. supporting aids. d. PowerPoints.
Petrus Corporation owns a 40 percent interest in the stock of Sunseri Corporation. During 2010, Sunseri pay $25,000 in dividends to Petrus and reports $107,000 in net income. Petrus Corporation's investment in Sunseri will increase Petrus's income before income taxes by
a. $17,800. b. $42,800. c. $52,800. d. $32,800.
Which of the following is the need for status and recognition from others?
A. self-actualization B. physiological C. esteem D. safety