Use the Information Below for Barton Shipping Corp

question 51

Multiple Choice

Use the information below for Barton Shipping Corp.for 2015 and 2016 to answer the following question. How much cash did Barton Shipping pay for dividends during 2016?

• A)$ 95,000
• B)$105,000
• C)$115,000
• D)$140,000

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Definitions:

Earnings Per Share

A company's net profit divided by the number of its outstanding shares, indicating the profitability on a per-share basis.

Par

This refers to the face value of a bond or stock as stated by the issuing company.

Net Income

After all costs and taxes are removed from revenues, the company's residual profit.

Treasury Stock

This refers to shares of stock that were issued and later reacquired by the issuing corporation. It is often held to utilize in future acquisitions or to reissue to employees as part of compensation packages.