The following information relates to the Bondoc Corporation:Sales Revenue9,000,000Net assets, end of year500,000Net assets, beginning of year300,000Additional Investment by shareholders100,000Profit of the year200,000other comprehensive income for the year50,000Compute the amount of dividends paid during the yearA. 550,000B. 200,000C. 150,000 D. 50,000

Amount of dividends paid during the year = Net assets, beginning of the year + Additional Investment…

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Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter8: Liabilities And Stockholders' Equity

Section: Chapter Questions

Problem 8.1.3P

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The following information relates to the Bondoc Corporation:

Sales Revenue	9,000,000
Net assets, end of year	500,000
Net assets, beginning of year	300,000
Additional Investment by shareholders	100,000
Profit of the year	200,000
other comprehensive income for the year	50,000

Compute the amount of dividends paid during the year

A. 550,000

B. 200,000

C. 150,000

D. 50,000

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