The following information pertains to Alpha Computing at the end of 2018: Assets Liabilities Net Income Common Stock $970,000 $560,000 $90,000 $350,000 Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2018. What amount of dividends di the company pay in 2018?

The following information pertains to Alpha Computing at the end of 2018: Assets Liabilities Net Income Common Stock $970,000 $560,000 $90,000 $350,000 Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2018. What amount of dividends di the company pay in 2018?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 3MC: Prince Corporations accounts provided the following information at December 31, 2019: What should be...

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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

1
The following information pertains to Alpha Computing at the end of 2018:
Assets
Liabilities
Net Income
Common Stock
$970,000
$560,000
$90,000
$350,000
Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2018. What amount of dividends did
the company pay in 2018?
Select one:
O A. $150,000.
O B. $30,000.
O C. $80,000.
O D. $280,000.
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