Windmere Corporation Had Total Shareholders' Equity of $765,000 at the Beginning

question 68

Multiple Choice

Windmere Corporation had total shareholders' equity of $765,000 at the beginning of the year and $873,000 at the end of the year. Shareholders invested an additional $75,000 in common shares and $15,000 in preferred shares during the year. Net income was $43,000. Calculate the dividends paid for the year.

• A)$25,000
• B)$43,000
• C)$65,000
• D)$108,000

Recognize the basic concepts of intelligence and its measurement.

Understand the theories of intelligence proposed by various psychologists.

Distinguish between divergent and convergent thinking.

Comprehend the principles and types of heuristics involved in decision making and problem solving.

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Definitions:

Oil Reserve

Stocks of crude oil or refined petroleum products held underground or in storage facilities controlled by countries or corporations for future use.

Profit

The financial gain realized when revenue from business activities exceeds the costs and expenses involved in operating.

Market Rate

The prevailing price or cost of goods, services, wages, or interest rates in the open market.

Natural Gas

A fossil fuel composed mainly of methane, used as an energy source for heating, electricity, and vehicle fuel.