Question: On January 1 , 2 0 2 1 , the board of directors of Goby Inc. declared a $ 6 5 0 , 0 0

On January 1,2021, the board of directors of Goby Inc. declared a $650,000 dividend. The following data is from the balance sheet of Goby on that date:
Common stock$600,000Paid-in capitalexcess of par400,000Retained earnings500,000Paid-in capitalshare repurchase60,000
How much is the liquidating dividend?
Multiple Choice:
A. $310,000.
B. $150,000.
C. $250,000.
D. None of these answer choices are correct.

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