1. During the past year, Glanville Siding Company’s assets increased $2,000, its liabilities decreased $1,000, its share capital increased $2,000, and its net income was $3,000.  Dividends declared were:

a) $1,000.

b) $2,000.

c) $3,000.

d) $4,000.

e) None of the above.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Answer The correct answer is e None of ... View the full answer