The Net Income of Avid Camera Services Is $20,000

question 153

Multiple Choice

The net income of Avid Camera Services is $20,000.The beginning and ending stockholders' equity balances were $36,000 and $54,000,respectively.The company issued no common stock.Calculate the amount of dividends.

• A)$12,000
• B)$2,000
• C)$16,000
• D)$15,000

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Definitions:

\(n ^ { 2 }\)

Represents the square of a number n, calculated as n multiplied by itself.

\(( n - 2 ) !\)

The factorial of the quantity \(n-2\), representing the product of all positive integers less than or equal to \(n-2\).

\(n ^ { 2 }\)

An algebraic expression indicating the square of the variable n.

\(( - 1 ) ^ { n + 4 }\)

An expression representing alternating positive and negative values for different integers n.