At the end of 1999 the total assets of dole corp were 90000, Ask an Expert

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At the end of 1999, the total assets of Dole Corp were $90,000 and total liabilities were $50,000. The company has been in business five years and has earned an average net income of $4,000 per year during the five years. Total cash dividends of $8,000 were declared and paid. Therefore, the total amount received for the capital stock issued by the company was

a. $28,000

b. $30,000

c. $40,000

d. $46,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797796

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