Question
Retained Earnings had a balance on January? 1, 2017, and December? 31, 2017,? respectively, of? $234,500 and? $411,000. Net income for the year was? $199,500
Retained Earnings had a balance on January? 1, 2017, and December? 31, 2017,? respectively, of? $234,500 and? $411,000. Net income for the year was? $199,500 and the only other event affecting Retained Earnings was the declaration of dividends. If there was no change in the Dividends account during the? year, the payments for dividends? was:
A.
?$376,000
B.
?$23,000
C.
?$0
D.
?$176,500
Retained Earnings had a balance on January? 1, 2017, and December? 31, 2017,? respectively, of? $234,500 and? $411,000. Net income for the year was? $199,500 and the only other event affecting Retained Earnings was the declaration of dividends. If there was no change in the Dividends account during the? year, the payments for dividends? was:
A.
?$376,000
B.
?$23,000
C.
?$0
D.
?$176,500
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
978-0324592375
