ollowing information pertains to Alpha Computing at the end of 2021: $ 970,000 S 560,000...

70.2K

Verified Solution

Question

Accounting

image
ollowing information pertains to Alpha Computing at the end of 2021: $ 970,000 S 560,000 $ 90,000 Assets Liabilities Net Income Common Stock 350,000 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? A) $30,000. B) $80,000. C) $280,000. D) $150,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students