At the End of 20E, the Total Assets of Dole

question 10

Multiple Choice

At the end of 20E, the total assets of Dole Corporation were $90,000 and total liabilities were $50,000. The company has been in business five years and has earned an average profit of $4,000 per year during the five years. Total cash dividends of $8,000 were declared and paid. What was the total amount received for the shares issued by the company?

• A) $46,000
• B) $30,000
• C) $40,000
• D) $28,000

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