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31 0 Question 8 (10 points) At the end of 2020, the total assets of Valley Feed Corporation were $90,000 and total liabilities were $50,000.
31 0 Question 8 (10 points) At the end of 2020, the total assets of Valley Feed Corporation were $90,000 and total liabilities were $50,000. The company has been in business five years and has earned an average profit of $4,000 per year during the five years. Total cash dividends of $8,000 were declared and paid. What was the total amount received for the shares issued by the company? $40,000 $30,000 $28,000 $46,000
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