Use the Information Below for Focal Point Corp

question 2

Multiple Choice

Use the information below for Focal Point Corp. for 2015 and 2016 to answer the following question. Assume that there were no retained earnings transactions other than those dealing with dividends and net income. How much dividends did Focal Point declare during 2016?

• A) $ 95,000
• B) $105,000
• C) $140,000
• D) $150,000

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Definitions:

Genetic Material

The molecules (DNA or RNA) that carry the genetic instructions used in the growth, development, functioning, and reproduction of organisms.

DNA Ligase

A biological catalyst that assists in the fusion of DNA strands through the facilitation of a phosphodiester bond formation.

Lagging Strand

The lagging strand refers to one of the two strands of DNA at the replication fork that is synthesized discontinuously in short segments known as Okazaki fragments.

Leading Strand

The leading strand is the strand of DNA which is synthesized continuously during DNA replication, in the direction of the replication fork.