Accounting MCQ
Accounting Chapter 18
The following data were reported in the shareholders' equity section of the Jetson Company's comparative balance sheets for the years ended December 31: During 2016, Jetson declared and paid cash dividends of $45 million. The company also declared and issued a stock dividend. No other changes occurred in shares outstanding during 2016. What was Jetson's net income for 2016?
The following data were reported in the shareholders' equity section of the Jetson Company's comparative balance sheets for the years ended December 31: During 2016, Jetson declared and paid cash dividends of $45 million. The company also declared and issued a stock dividend. No other changes occurred in shares outstanding during 2016. What was Jetson's net income for 2016?
The following data were reported in the shareholders' equity section of the Jetson Company's comparative balance sheets for the years ended December 31:
During 2016, Jetson declared and paid cash dividends of $45 million. The company also declared and issued a stock dividend. No other changes occurred in shares outstanding during 2016. What was Jetson's net income for 2016?
A) $14 million
B) $59 million
C) $65 million
D) $89 million
Answer: D
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