The net income of Thomas Corporation was $71,000 for this year. The beginning balance of stockholders' equity was $33,000 and the ending balance was $72,000. The company issued no common stock during the year. What was the amount of dividends distributed during the year?
A) $72,000
B) $32,000
C) $143,000
D) $33,000

Question

Quizplus · Accepted Answer

11ea8553_2c69_ea82_a343_55ea2c72db95_TB5019_00 Add:
 11ea8553_2c69_ea83_a343_55ac8e2c8500_TB5019_00

The Net Income of Thomas Corporation Was $71,000 for This