The Home Store Reported the Following Figures: Retained Earnings,February 1,2013

question 83

Multiple Choice

The Home Store reported the following figures: Retained Earnings,February 1,2013...........$20,000,000
Retained Earnings,February 1,2012...........$17,000,000
The company's fiscal year ends on February 1 each year.Net income for the fiscal year ending February 1,2013 is $5 million.What are the dividends declared for the fiscal year ending February 1,2013?

• A)$0
• B)$2 million
• C)$3 million
• D)$5 million

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Definitions:

White Blood Cell

A type of immune cell that is crucial in defending the body against both infectious disease and foreign materials.

Isotonic Intravenous Therapy

IV fluid administration that has the same salinity as the body’s blood and plasma, typically used to maintain fluid balance.

Sodium Chloride

A chemical compound commonly known as salt, used in various applications including food seasoning and medical therapies.

Vomiting

The involuntary, forceful expulsion of the contents of the stomach through the mouth.