Indigo Co.was organized on January 2,2014,with the following capital structure:

Indigo's net income for the year ended December 31,2014,was $750,000,but no dividends were declared.Indigo's balance sheet would report Dividends Payable at December 31,2014,of

Question

Indigo Co.was organized on January 2,2014,with the following capital structure:

Indigo's net income for the year ended December 31,2014,was $750,000,but no dividends were declared.Indigo's balance sheet would report Dividends Payable at December 31,2014,of

Quizplus · Accepted Answer

Since no dividends were declared, there would be no dividends payable on the balance sheet at December 31, 2014. Therefore, the correct answer is D) $0.

Indigo CoWas Organized on January 2,2014,with the Following Capital Structure