The following facts pertain to the stockholders' equity section of the balance sheet of Avenida Corporation:
During 20x5,Avenida declared and distributed a stock dividend.Also during 20x5,Avenida declared and paid cash dividends of $17,000.There were no changes in the number of shares of stock issued and outstanding during the period except for the change caused by the stock dividend.Calculate the amount of net income reported by Avenida for 20x5.
Definitions:
Sexual Orientation
A lasting tendency of feeling attracted emotionally, romantically, or sexually to men, women, both sexes, no gender, or a different gender.
Heterosexual
Person attracted to the opposite sex.
Concordance Rates
The probability that two individuals with shared genes will develop the same traits or disorders, often used in studies of twins to explore the nature versus nurture debate.
Identical Twins
Twins who originate from a single fertilized egg that splits into two, sharing 100% of their DNA and often having very similar physical traits and sometimes behaviors.
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