Use the information below for Focal Point Corp.for 2015 and 2016 to answer the following question. Assume that there were no retained earnings transactions other than those dealing with dividends and net income.How much dividends did Focal Point declare during 2016?
A)$ 95,000
B)$105,000
C)$140,000
D)$150,000

Question

Use the information below for Focal Point Corp.for 2015 and 2016 to answer the following question.  Assume that there were no retained earnings transactions other than those dealing with dividends and net income.How much dividends did Focal Point declare during 2016?
A)$ 95,000 
B)$105,000 
C)$140,000 
D)$150,000

Quizplus · Accepted Answer

The Answer of Use the information below for Focal Point Corp.for 2015 and 2016 to answer the following question.  Assume that there were no retained earnings transactions other than those dealing with dividends and net income.How much dividends did Focal Point declare during 2016?
A)$ 95,000 
B)$105,000 
C)$140,000 
D)$150,000

Use the Information Below for Focal Point Corp