The Following Information Was Drawn from the Year-End Balance Sheets

question 117

Multiple Choice

The following information was drawn from the year-end balance sheets of White,Inc. $\begin{array}{l}\begin{array}{|l}\hline\\\hline \text { Bonds payable}\\\hline \text {Common stock}\\\hline \text {Treasury stock}\\\hline \text {Retained earnings}\\\hline\end{array}\begin{array}{|l}\hline 2014 \\\hline \$ 200,000 \\\hline 112,500 \\\hline 17,500 \\\hline 35,000 \\\hline\end{array}\begin{array}{|l|}\hline 2013 \\\hline \$ 275,000 \\\hline 87,500 \\\hline 12,500 \\\hline 27,500 \\\hline\end{array}\end{array}$ The amount of net income shown on the 2014 Year 2 income statement was $17,500.There was no beginning or ending balance in the Dividends Payable account.What is the amount of cash outflows for dividends?

• A) $7,500
• B) $25,000
• C) $17,500
• D) $10,000

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Definitions:

Eclectic Approach

An integrative method in therapy that combines techniques and theories from different schools of psychological thought.

Abnormality

A significant deviation from common patterns or behaviors, often indicating the presence of psychological or physiological issues.

Psychoanalytic Theory

A theory of personality development and psychological functioning that emphasizes unconscious processes, the significance of childhood experiences, and the roles of sexual and aggressive drives in shaping behavior.

Personality

A unique and long-term pattern of inner experience and outward behavior that leads to consistent reactions across various situations.