QUESTION

7. Wheeler Corporation had retained earnings as of 12/31/10 of $15 million. During 2011, Wheeler's net income was $7 mil

Category: Business
Subject: Accounting
Due Date: 01/17/2016
Question Asked: 2016-01-18 00:24:16

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7. Wheeler Corporation had retained earnings as of 12/31/10 of $15 million. During 2011, Wheeler's net income was $7 million. The retained earnings balance at the end of 2011 was equal to $20 million. Therefore, (Points : 1)
Wheeler paid a dividend in 2010 of $5 million.
Wheeler paid a dividend in 2010 of $2 million.
Wheeler sold common stock during 2010 for $5 million.
Wheeler purchased treasury stock in 2010 for $2 million


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7. Wheeler Corporation had retained earnings as of 12/31/10 of $15 million. During 2011, Wheeler's net income was $7 mil

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Posted on 2016-01-18 00:24:16

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User: easy1
Rating: A+ (7)
earnings: $382.59
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