← New Orleans Chemicals Company Comparative Balance Sheet December 31, 2025 and 2024 Increase/ 2025 2024 (Decrease) Common Stock $35,000 $2,400 $32,600 Retained Earnings 159,000 92,000 67.000 Treasury Stock (8,200) (5,000) (3,200) Total Equity $185,800 $89,400 $96.400 Net Income for 2025 was $94.000. Based on the above information, determine the amount of dividends declared during 2025. OA. $27,000 B. $67.000 OC. $94.000 OD. $3,200
← New Orleans Chemicals Company Comparative Balance Sheet December 31, 2025 and 2024 Increase/ 2025 2024 (Decrease) Common Stock $35,000 $2,400 $32,600 Retained Earnings 159,000 92,000 67.000 Treasury Stock (8,200) (5,000) (3,200) Total Equity $185,800 $89,400 $96.400 Net Income for 2025 was $94.000. Based on the above information, determine the amount of dividends declared during 2025. OA. $27,000 B. $67.000 OC. $94.000 OD. $3,200
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 99.4C
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New Orleans Chemicals Company
Comparative Balance Sheet
December 31, 2025 and 2024
Increase/
2025
2024
(Decrease)
Common Stock
$35,000
$2,400
$32,600
Retained Earnings
159,000
92,000
67.000
Treasury Stock
(8,200)
(5,000)
(3,200)
Total Equity
$185,800
$89,400
$96.400
Net Income for 2025 was $94.000.
Based on the above information, determine the amount of dividends declared during 2025.
OA. $27,000
B. $67.000
OC. $94.000
OD. $3,200
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