Beldon Co. was organized on January 2, 2011, with the following capital structure:

Beldon's net income for the year ended December 31, 2011, was $900,000, but no dividends were declared. Beldon's balance sheet would report Dividends Payable at December 31, 2011, of

Question

Beldon Co. was organized on January 2, 2011, with the following capital structure:

Beldon's net income for the year ended December 31, 2011, was $900,000, but no dividends were declared. Beldon's balance sheet would report Dividends Payable at December 31, 2011, of

Quizplus · Accepted Answer

Since no dividends were declared, there should be no balance in the Dividends Payable account at December 31, 2011. Therefore, the correct answer is D, $0.

Beldon Co Was Organized on January 2, 2011, with the Following