Team Shirts,Inc.had the following balances on its balance sheet: During 2012,Team Shirts had revenues of $500,000,expenses of $420,000,and issued $20,000 of new stock.The amount of dividends for 2012 was ________.
A)$130,000
B)$50,000
C)$0
D)$60,000

Question

Team Shirts,Inc.had the following balances on its balance sheet:  During 2012,Team Shirts had revenues of $500,000,expenses of $420,000,and issued $20,000 of new stock.The amount of dividends for 2012 was ________.
A)$130,000 
B)$50,000 
C)$0 
D)$60,000

Quizplus · Accepted Answer

The amount of dividends for 2012 cannot be determined from the information provided.