On Its 2012 Balance Sheet,Barngrover Books Showed $510 Million of Retained

question 58

Multiple Choice

On its 2012 balance sheet,Barngrover Books showed $510 million of retained earnings,and exactly that same amount was shown the following year in 2013.Assuming that no earnings restatements were issued,which of the following statements is CORRECT?

• A) Dividends could have been paid in 2013, but they would have had to equal the earnings for the year.
• B) If the company lost money in 2013, they must have paid dividends.
• C) The company must have had zero net income in 2013.
• D) The company must have paid out half of its earnings as dividends.
• E) The company must have paid no dividends in 2013.

Acknowledge the importance of reflective thinking in transformative learning.

Understand the role and formation of behavioral and cognitive objectives in the learning process.

Comprehend how learner assessment influences teaching strategies and content.

Realize the importance of evaluation in reinforcing learning.

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Refers to the systemic and institutionalized racial discrimination and prejudice that has occurred throughout history.

African Americans

Individuals belonging to or descended from the black racial groups of Africa, particularly those residing in the United States.