The Net Income of Edwards Corporation Amounted to $74,000 for This

question 68

Multiple Choice

The net income of Edwards Corporation amounted to $74,000 for this year.The beginning balance of stockholders' equity was $32,000 and the ending balance was $75,000.The company issued no common stock during the year.What was the amount of dividends distributed during the year?

• A)$75,000
• B)$31,000
• C)$149,000
• D)$32,000

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Definitions:

Unconscious Wishes

Desires or longings that an individual is not aware of but that influence emotions and behavior, according to psychoanalytic theory.

Reciprocal Determinism

A concept in psychology that suggests a person's behavior is influenced by both their personal characteristics and their environment in a mutual way.

Maturity Principle

The concept that individuals become more conscientious and agreeable as they age, showing fewer negative or antisocial behaviors.

Self-Serving Bias

The common human tendency to attribute personal successes to internal factors while blaming failures on external factors.