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The following information pertains to Alpha Computing at the end of 2021:           Assets $ 1,000,000   Liabilities $ 472,500   Net Income $ 227,500   Common Stock $ 400,000       Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2021. What amount of dividends did the company declare in 2021?     Multiple Choice   $101,000   $102,000   $103,000   $100,000

The following information pertains to Alpha Computing at the end of 2021:           Assets $ 1,000,000   Liabilities $ 472,500   Net Income $ 227,500   Common Stock $ 400,000       Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2021. What amount of dividends did the company declare in 2021?     Multiple Choice   $101,000   $102,000   $103,000   $100,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following information pertains to Alpha Computing at the end of 2021:
 

       
Assets $ 1,000,000  
Liabilities $ 472,500  
Net Income $ 227,500  
Common Stock $ 400,000  
 

 
Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2021. What amount of dividends did the company declare in 2021?
 

 

Multiple Choice
  •  
    $101,000
  •  
    $102,000
  •  
    $103,000
  •  
    $100,000
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