Use the Information Below for Barton Shipping Corp How Much Cash Did Barton Shipping Pay for Dividends During

question 58

Multiple Choice

Use the information below for Barton Shipping Corp.for 2016 and 2017 to answer the following question. $\begin{array}{lr}\text { Retained earnings, December } 31,2016 & \$ 300,000 \\\text { Retained earnings, December } 31,2017 & 345,000 \\\text { Dividends payable, December } 31,2016 & 19,000 \\\text { Dividends payable, December } 31,2017 & 29,000 \\\text { Net income-2017 } & 150,000\end{array}$ How much cash did Barton Shipping pay for dividends during 2017?

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

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Definitions:

Sub-Saharan Africa

The area of the African continent situated south of the Sahara Desert, characterized by its distinct cultures, languages, and geographic features.

Bantu

A large group of African languages and their speakers, originating from the Niger-Congo region and spreading across much of sub-Saharan Africa.

Social Structure

The organized pattern of social relationships and social institutions that together compose society, influencing behaviors and relationships.

Neolithic

The New Stone Age; a prehistoric period beginning about 10,000 years ago in which peoples possessed stone-based technologies and depended on domesticated crops and/or animals for subsistence.