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