Slow, Inc., reported the following asset and liability balances at the ends of 20A and 20B: During 20B, cash dividends of $5,000 were declared and paid. Additional shares were issued for $15,000. What was the profit (or loss) for 20B?
A) $45,000
B) $30,000
C) $35,000
D) $40,000

Question

Slow, Inc., reported the following asset and liability balances at the ends of 20A and 20B:  During 20B, cash dividends of $5,000 were declared and paid. Additional shares were issued for $15,000. What was the profit (or loss) for 20B?
A) $45,000 
B) $30,000 
C) $35,000 
D) $40,000

Quizplus · Accepted Answer

The Answer of Slow, Inc., reported the following asset and liability balances at the ends of 20A and 20B:  During 20B, cash dividends of $5,000 were declared and paid. Additional shares were issued for $15,000. What was the profit (or loss) for 20B?
A) $45,000 
B) $30,000 
C) $35,000 
D) $40,000

Slow, Inc, Reported the Following Asset and Liability Balances at the the Ends