Volt CorpReported the Following Information for the Year Ended December 31

question 26

Multiple Choice

Volt Corp.reported the following information for the year ended December 31, 2016: $$\begin{array} { l r } \text { Revenues } & \$ 50,000 \\\text { Expenses } & 20,000 \\\text { Retained earnings at December } 31,2016 & 100,000 \\\text { Retained earnings at December } 31,2015 & 105,000\end{array}$$ ? How much was paid out in dividends by Volt in 2016?

• A) $ 20,000
• B) $ 25,000
• C) $ 30,000
• D) $ 50,000

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