The Following Information Pertains to Alpha Computing at the End

question 63

Multiple Choice

The following information pertains to Alpha Computing at the end of 2012:
$$\begin{array} { | l | r | } \hline \text { Assets } & \$ 970,000 \\\hline \text { Liabilities } & \$ 560,000 \\\hline \text { Net Income } & \$ 90,000 \\\hline \text { Common Stock } & \$ 350,000 \\\hline\end{array}$$
Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2012.
What amount of dividends did the company pay in 2012?

• A)$280,000.
• B)$150,000.
• C)$30,000.
• D)$80,000.

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Definitions:

Voluntary Health And Welfare Entity

Voluntary Health And Welfare Entity is a type of nonprofit organization that raises or receives funds to finance health and welfare services, relying significantly on voluntary contributions.

Financial Statements

A set of records that provide an overview of a business or individual's financial status, including the balance sheet, income statement, and cash flow statement.

Patient Charges

The amounts charged by healthcare providers for services rendered to patients.