Beginning Assets Were $700,000,beginning Equity Was $225,000,revenue for the Year

question 107

Multiple Choice

Beginning assets were $700,000,beginning equity was $225,000,revenue for the year was $523,000,common stock issued during the year totaled $320,000,expenses for the year were $392,000,ending equity was $751,000,and ending assets were $963,000. What were the total dividends declared?

• A)$75,000
• B)$998,000
• C)$131,000
• D)$203,000
• E)$308,000

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