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How much were the dividends?

<p><span>Gerald had beginning total stockholders' equity of $160,000. During the year, total assets increased by $240,000 and total liabilities increased by $120,000. Gerald's net income was $180,000. No additional investments were made; however, dividends did occur during the year. How much were the dividends?</span></p> <p><span>a.$20000    b.$60000    c. $140000    d.$220000</span></p> <p><span> </span></p>

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Question ajoutée par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date de publication: 2014/11/28
Alex Al Yazouri
par Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

B) $60,000

Vinod Jetley
par Vinod Jetley , Assistant General Manager , State Bank of India

b.$60000

Malik Khalid Mahmood
par Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

Option is B

Abdallah Abu Zeyad CMA
par Abdallah Abu Zeyad CMA , Finance Account Manager , Toyota - Abdul Latif Jameel Motors - KSA

The correct answer is6000?

FITAH MOHAMED
par FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

total dividends = net income =180000 $ 

 

expected distributions  dividends  = net income - (increase of total assets - increase of total liabilities") =180000 -(240000 -120000)=60000 $

 

Muhannad  Jarrar
par Muhannad Jarrar , Purchasing Manager , Emirates Calcium Carbonate Factory

D option

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