Volt Corp reported the following information for the year ended December 31, 2016: Revenues $ 50,000 Expenses 20,000 Retained earnings at December 31, 2016 100,000 Retained earnings at December 31, 2015 105,000 How much was paid out in dividends by Volt in 2016?

a. $ 20,000
b. $ 25,000
c. $ 30,000
d. $ 50,000


b

Business

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Many companies use social media to publish ________, in which they communicate directly with customers and other audiences, rather than going through news media outlets

A) cyber statements B) virtual press publications C) microcosmic news stories D) direct-to-consumer news releases E) goodwill documents

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Types of Audit Opinions During the course of an audit of the financial statements of Glover Industries, a CPA is refused permission to inspect the minutes from the board of directors meetings. The CPA is instead offered a certified copy of all resolutions and actions involving accounting matters. REQUIRED: Which type of audit report would you suggest be issued this year and why?

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Retained earnings are part of the stockholders' claims on the company's net assets.

Answer the following statement true (T) or false (F)

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Lyle offers to sell his house to Dennis for $95,000 . Dennis responds, "I will pay you $95,000 for the house if you first paint the second floor." This response could best be described as:

a. an acceptance. b. a counteroffer. c. a rejection. d. an invitation.

Business