On January 1, 2018, the board of directors of Goby Inc. declared a $540,000 dividend. The following data is from the balance sheet of Goby on that date: How much is the liquidating dividend?
A) $140,000.
B) $240,000.
C) $290,000.
D) None of these answer choices are correct.

Question

On January 1, 2018, the board of directors of Goby Inc. declared a $540,000 dividend. The following data is from the balance sheet of Goby on that date:  How much is the liquidating dividend?
A) $140,000. 
B) $240,000. 
C) $290,000. 
D) None of these answer choices are correct.

Quizplus · Accepted Answer

11ea937b_35ae_308b_a419_21aedc1ecd35_TB2599_00

On January 1, 2018, the Board of Directors of Goby