On January 1, 2018, the Board of Directors of Goby

question 140

Multiple Choice

On January 1, 2018, the board of directors of Goby Inc. declared a $540,000 dividend. The following data is from the balance sheet of Goby on that date: How much is the liquidating dividend?

• A) $140,000.
• B) $240,000.
• C) $290,000.
• D) None of these answer choices are correct.

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