At the End of 20E,the Total Assets of Dole Corporation

question 15

Multiple Choice

At the end of 20E,the total assets of Dole Corporation were $90,000 and total liabilities were $50,000.The company has been in business five years and has earned an average profit of $4,000 per year during the five years.Total cash dividends of $8,000 were declared and paid.What was the total amount received for the shares issued by the company?

• A)$28,000
• B)$30,000
• C)$40,000
• D)$46,000

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