Use the Information Below for Barton Shipping Corp How Much Cash Did Barton Shipping Pay for Dividends During

question 101

Multiple Choice

Use the information below for Barton Shipping Corp.for 2017 and 2018 to answer the following question: $$\begin{array} { l r } \text { Retained earnings, December } 31,2017 & \$ 300,000 \\\text { Retained earnings, December } 31,2018 & 345,000 \\\text { Dividends payable, December } 31,2017 & 19,000 \\\text { Dividends payable, December } 31,2018 & 29,000 \\\text { Net income-2018 } & 150,000\end{array}$$ How much cash did Barton Shipping pay for dividends during 2018?

• A)$95,000
• B)$105,000
• C)$115,000
• D)$140,000

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Definitions:

Stage 3

Refers to a classification level in diseases, indicating a more advanced state, often used in cancer staging.

Stage 1

Often used to express the initial phase of a condition or disease, indicating a relatively mild or early stage.

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A painful, pus-filled bump under the skin caused by infected hair follicles, commonly known as a boil.

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A painful, pus-filled bump under the skin caused by infected, inflamed hair follicles.