A) $94 000 B) $100 000

question 37

Multiple Choice

• A) $94 000
• B) $100 000
• C) $106 000
• D) Unable to be calculated

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Definitions:

Normal Course of Business

This term refers to the standard, usual, routine activities and operations that a business engages in to generate revenue.

Cash Payment

A transaction in which the payment for goods or services is made in cash at the time of purchase.

Declaration Date

The specific date on which a company announces an upcoming dividend payment.

Board of Directors

A group of individuals elected by shareholders to oversee the activities and governance of a company.