The following information pertains to Alpha Computing at the end of 2018: Assets Liabilities Net Income Common Stock $970,000 $560,000 $90,000 $350,000 Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2018. What amount of dividends di the company pay in 2018?
The following information pertains to Alpha Computing at the end of 2018: Assets Liabilities Net Income Common Stock $970,000 $560,000 $90,000 $350,000 Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2018. What amount of dividends di the company pay in 2018?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![1
The following information pertains to Alpha Computing at the end of 2018:
Assets
Liabilities
Net Income
Common Stock
$970,000
$560,000
$90,000
$350,000
Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2018. What amount of dividends did
the company pay in 2018?
Select one:
O A. $150,000.
O B. $30,000.
O C. $80,000.
O D. $280,000.
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Transcribed Image Text:1
The following information pertains to Alpha Computing at the end of 2018:
Assets
Liabilities
Net Income
Common Stock
$970,000
$560,000
$90,000
$350,000
Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2018. What amount of dividends did
the company pay in 2018?
Select one:
O A. $150,000.
O B. $30,000.
O C. $80,000.
O D. $280,000.
Next
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