Information Related to Lamar Co Dividends Declared for 2017 Totaled $20,000

question 68

Multiple Choice

Information related to Lamar Co. for the years ending December 31, 2017 and 2016 follows:
$\begin{array}{lrr}&12-31-17&12-31-16\\\text { Common stock } & \$ 120,000 & \$ 80,000 \\\text { Retaine dearnings at vear end (after closing) } & 100,000 & 70,000\end{array}$

Dividends declared for 2017 totaled $20,000. How much was generated through operations?

• A)$30,000
• B)$50,000
• C)$10,000
• D)$70,000

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Definitions:

Strategic Planning

The process of defining a company’s strategy or direction and making decisions on allocating resources to pursue this strategy.

Tactical Planning

Short-term, detailed planning that supports strategic goals by focusing on day-to-day operations and resources.

Operational Planning

The process of creating specific procedures and actions to achieve tactical goals and objectives within a short time frame.

Competitive Differentiation

Unique combination of organizational abilities, products, and approaches that sets a company apart from competitors in the minds of customers.