Ridge Crest Co. has beginning Retained Earnings of $39,000, ending Retained Earnings of $41,500, and net income of $23,500. What was the amount of dividends declared during the year?
A. $15,500
B. $23,500
C. $2500
D. $21,000
Answer: D
You might also like to view...
The Acme Global Corporation is implementing a new software program for entering sales data. Madelaine has been telling the other sales people that the new software is really going to be used to reduce the number of sales positions in the organization. She has told the junior sales persons that they should start looking for new jobs because the company is going to eliminate their positions when the new software comes online. Madelaine is in the ______ stage of the change process.
A. commitment B. exploration C. resistance D. denial
The statement of cost of goods manufactured is an extension of the income statement for a manufacturing company
Indicate whether the statement is true or false
Which of the following normally have credit balances?
a. An asset account b. An expense account c. A liability account d. An owner's drawing account
Use Scenario 11.3 to answer this question. How many units of E are required to produce 33 end items?
A) 1112 B) 2046 C) 928 D) 1914