1.a.)

If a corporation declares a $100,000 cash dividend, the account to be debited on the date of declaration is:

A) Common Stock.

B) Dividends Payable.

C) Retained Earnings or Dividends.

D) Paid-in Capital in Excess of Par.

1.b.)

Wininger Corporation has 1000 shares of 6%, $50 par value, cumulative preferred stock and 25,000 shares of $1 par value common stock outstanding on December 31, 2019 and December 31, 2020. The board of directors declared and paid a $2,000 dividend in 2019. In 2020, $23,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2020 (there were no dividends in arrears prior to 2019)?

A) $3000

B) $19,000

C) $1000

D) $23,000

1.c.)

On December 31, Sulfur Corporation has the following data available:

Net Income	$140,000
Interest expense	30,000
Total assets at the beginning of the year	740,000
Total assets at the end of the year	870,000
Total common stockholders' equity at the beginning of the year	440,000
Total common stockholders' equity at the end of the year	260,000

What is return on equity? (Round your final answer to two decimal places, X.XX%.)

A) 14.91%

B) 34.29%

C) 25.71%

D) 40.00%