In the First Three Years of Operations, Lindsey Corporation Earned

question 176

Multiple Choice

In the first three years of operations, Lindsey Corporation earned net income/loss of -$150,000, $100,000, and $250,000. At the end of the third year, Lindsey Corporation has a balance of $120,000 for its Retained Earnings account. What is the total amount of dividends Lindsey Corporation paid over the three years?

• A) $130,000.
• B) $120,000.
• C) $80,000.
• D) $380,000.

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