Lena Company Has Provided the Following Data for Its 2019

question 81

Multiple Choice

Lena Company has provided the following data for its 2019 operations (ignore income taxes) : 2019 revenues were $99,000.
2019 expenses were $47,800.
Dividends declared and paid during 2019 totaled $9,500.
Total assets at December 31,2019 were $177,000.
Total liabilities at December 31,2019 were $89,000.
Common stock at December 31,2019 was $28,000.
Which of the following is correct?

• A)2019 net income was $41,700.
• B)Total stockholders' equity at December 31,2019 was $236,000.
• C)Retained earnings at December 31,2019 were $60,000.
• D)Retained earnings at December 31,2019 were $41,700.

---

Definitions:

Direct View

Observing or inspecting something directly rather than through an intermediary device or process.

Colposcope

A medical diagnostic device used to closely examine the cervix and vagina for signs of disease.

Cervix

The narrow passage forming the lower end of the uterus, connecting it with the vagina.

CEA

An abbreviation for Carcinoembryonic Antigen, a protein normally present at very low levels in the blood but which can be elevated in certain types of cancer.