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Given the Information Below About David Corporation,what Was the Amount

Question 46

Multiple Choice

Given the information below about David Corporation,what was the amount of dividends the company paid in the current period?
 Beginning retained earnings $35,000 Ending retained earnings $90,000 Increase in cash $25,000 Net income $85,000 Change in stockholders’ equity $20,000\begin{array} { | l | l | } \hline \text { Beginning retained earnings } & \$ 35,000 \\\hline \text { Ending retained earnings } & \$ 90,000 \\\hline \text { Increase in cash } & \$ 25,000 \\\hline \text { Net income } & \$ 85,000 \\\hline \text { Change in stockholders' equity } & \$ 20,000 \\\hline\end{array}


A) $140,000.
B) $0.
C) $30,000.
D) $20,000.

Correct Answer:

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