Given the Information Below About Thomas Corporation,what Was the Amount

question 58

Multiple Choice

Given the information below about Thomas Corporation,what was the amount of dividends the company paid in the current period? $$\begin{array} { | l | r | } \hline \text { Beginning retained earnings } & \$ 54,000 \\\hline \text { Ending retained earnings } & \$ 110,000 \\\hline \text { Decrease in cash } & \$ 10,000 \\\hline \text { Net income } & \$ 84,000 \\\hline \text { Change in stockholders' equity } & \$ 15,000 \\\hline\end{array}$$

• A)$13,000.
• B)$110,000.
• C)$28,000.

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Definitions:

Logarithm

The degree to which a base, typically 10 or e, must be raised to yield a certain number.

Properties

The characteristics, attributes or qualities that an object, substance, or mathematical entity possesses.

Logarithms

The exponents to which a fixed base must be raised to produce a given number.

Expand

In mathematics, expanding refers to the process of simplifying an expression or equation by multiplying out brackets and combining like terms.