Messana Corporation Reported the Following Data for the Month of August

question 125

Multiple Choice

Messana Corporation reported the following data for the month of August: The cost of goods manufactured for August is:

• A)$227,000
• B)$229,000
• C)$219,000
• D)$217,000

---

Definitions:

Cash Dividend

A cash dividend is a payment made by a company to its shareholders, typically from its profits, in the form of cash or electronic funds transfer.

Financing Activities

Transactions and events involving changes in equity and debt in the financial structure of a company, such as issuing shares or taking loans.

Comparative Balance Sheet

A financial statement that presents the assets, liabilities, and shareholders’ equity of a company at two or more different points in time, used to analyze trends in financial position.

Cash Dividends

Cash dividends are payments made by a corporation to its shareholder members. It is the share of profits distributed in the form of cash.