Question
1117.The following information pertains to Alpha Computing at the end of 2021: Assets $ 975,000 Liabilities $ 440,000 Net Income $ 260,000 Common Stock $
1117.The following information pertains to Alpha Computing at the end of 2021:
| Assets | $ | 975,000 | |
| Liabilities | $ | 440,000 | |
| Net Income | $ | 260,000 | |
| Common Stock | $ | 365,000 | |
Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2021. What amount of dividends did the company declare in 2021?
Multiple Choice
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A)$91,000
-
B)$92,000
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C)$93,000
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D)$90,000
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Curriculum Alignment A Facilitators Developing Aligning And Auditing
Authors: Betty E. Steffy-English, Fenwick W. English
1st Edition
0803968485, 978-0803968486
