On january 2, year 3, lake mining co.’s board of directors declared a cash dividend of $400,000 to shareholders of record on january 18, year 3, payable on february 10, year 3. the dividend is permissible under law in lake’s state of incorporation. selected data from lake’s december 31, year 2 balance sheet are as follows: accumulated depletion $100,000 capital stock 500,000 additional paid-in capital 150,000 retained earnings 300,000 the $400,000 dividend includes a liquidating dividend of

a) $0
b) $100,000
c) $150,000
d) $300,000

Titus manufacturing, inc. provided the following information for the year: purchases - direct materials $91,000 plant utilities and insurance 68,000 indirect materials 11,170 indirect labor 4270 direct materials used in production 99,000 direct labor 117,500 depreciation on factory plant & equipment 4000the inventory account balances as of january 1 are given below. direct materials $44,000 work-in-progress inventory 10,000 finished goods inventory 50,000what is the ending balance in the direct materials account? $135,000 $36,000 $110,170 $6000

Financial information that is capable of making a difference in a decision is

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false