Dividends are a distribution of a companys earnings to stockholders. In terms of budgeted dividend

payments, dividends paid would be included on the following budget(s):

Balance Sheet Cash Budget Income Statement Budget

A) Yes Yes Yes

B) No Yes Yes

C) No Yes No

D) Yes No No

34. According to the rule of 72, if you invest $1,000 at 8% then this sum will grow to ___________ in 36

years.

A) $2,000

B) $16,000

C) $4,000

D) $32,000

E) Infinity