A Company Has Net Income of $170,000 and 40,000 Shares

question 51

Multiple Choice

A company has net income of $170,000 and 40,000 shares of stock outstanding. If the company paid a dividend of $1.32 per share, what was the addition to retained earnings?

• A) $125,400
• B) $52,800
• C) $122,600
• D) $117,200
• E) $112,800

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Definitions:

Plantar Flexion

The movement of the foot that increases the angle between the sole of the foot and the back of the leg, like pointing the toes.

Dorsiflexion

The movement that elevates the foot upwards towards the shin, decreasing the angle between the dorsum of the foot and the leg.

Circumduction

A circular movement of a limb or eye where the end follows a circular path.

Lateral Flexion

The movement of bending sideways at the waist or neck, reducing the angle between the side of the body or head and the arms or legs.