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Use the Information Below for Barton Shipping Corp

question 49

Multiple Choice

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


Definitions:

Personal Debt

Debt incurred for personal, as opposed to business, needs, including credit card debt, mortgages, and personal loans.

Profits Distribution

The allocation of a company's earnings to its shareholders, often in the form of dividends.

Capital Contributed

The amount of money or assets that shareholders have invested in a company.

Partnership Agreement

A legal document that outlines the rights, responsibilities, and shares of profits (or losses) among partners in a business venture.

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