Anthony Company declared and paid $20,000 of dividends during 2014. The schedule of dividends follows: Anthony Company was acquired on June 1, 2014 by Google Company. Google acquired 100 percent of Anthony Company. Both companies have a December 31 fiscal year end. What is the amount of preacquisition dividends in 2014?
A) 0
B) $5,000
C) $10,000
D) $15,000

Question

Anthony Company declared and paid $20,000 of dividends during 2014. The schedule of dividends follows:  Anthony Company was acquired on June 1, 2014 by Google Company. Google acquired 100 percent of Anthony Company. Both companies have a December 31 fiscal year end. What is the amount of preacquisition dividends in 2014?
A) 0 
B) $5,000 
C) $10,000 
D) $15,000

Quizplus · Accepted Answer

The Answer is B

Anthony Company Declared and Paid $20,000 of Dividends During 2014