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The following information is available for a company: December 31, 2018: Total Assets $225,000 Net income for the year $4,000 Dividends paid $0 December 31,
The following information is available for a company:
December 31, 2018: | |
Total Assets | $225,000 |
Net income for the year | $4,000 |
Dividends paid | $0 |
December 31, 2019: | |
Total Assets | $209,000 |
Net loss for the year | $8,000 |
Assets are financed with 50% debt and 50% equity of the equity comes from contributed capital. No new debt or equity issued or repurchased |
In 2019, the company most likely:
A. | Paid a dividend of $5,000 | |
B. | No dividend Paid | |
C. | Paid a dividend of 2,500 |
I got 8000 on Dividend. I am not sure whether I'm right or not.
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