The Net Income of Thomas Corporation Was $71,000 for This

question 230

Multiple Choice

The net income of Thomas Corporation was $71,000 for this year. The beginning balance of stockholders' equity was $33,000 and the ending balance was $72,000. The company issued no common stock during the year. What was the amount of dividends distributed during the year?

• A) $72,000
• B) $32,000
• C) $143,000
• D) $33,000

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