On Jan 1, 2011, the board of directors of Doe Inc. declared a $ 620,000 dividend. The

Question:

On Jan 1, 2011, the board of directors of Doe Inc. declared a $ 620,000 dividend. The following data are from the balance sheet of Doe on that date.

Common stock: ..............$660,000

Paid in capital-excess of par: ........$460,000

Retained Earnings: ............$464,000

Paid-in capital from sale of treasury stock: .... $66,000

How much is the liquidating dividend?

$156,000,

$160,000,

$226,000,

None of these

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...