The Following Information Was Drawn from the Year-End Balance Sheets

question 28

Multiple Choice

The following information was drawn from the year-end balance sheets of White,Inc. $$\begin{array} { l r r } & \text { Year } 2 & \text { Year } 1 \\ \text { Bonds payable }& \$ 200,000 & \$275,000 \\\text { Common stock } & 112,500 & 87,500 \\\text { Treasury stock } & 17,500 & 12,500 \\\text { Retained earnings }& 35,000 & 27,500\end{array}$$ The amount of net income shown on the Year 2 income statement was $17,500.There was no beginning or ending balance in the Dividends Payable account.What is the amount of cash outflows for dividends?

---

Definitions:

Temperaments

Inherent traits of a person's character and personality that influence how they interact with the environment and regulate their emotions.

Effortful Control

The capacity to regulate one's behavior, emotions, and thoughts in the pursuit of long-term goals, often in the face of external demands or distractions.

Extraversion/Surgency

A personality trait marked by outward energy, sociability, talkativeness, assertiveness, and a high level of engagement with the external world.

Negative Affectivity

A personality trait characterized by a tendency to experience negative emotions such as sadness, anxiety, and anger more frequently and intensely than others.