QUESTION

BUS 401 7. Wheeler Corporation had retained earnings as of 12/31/10 of $15 million. During 2011, Wheeler's net income w

Category: Business
Subject: Finance
Due Date: 01/27/2016
Question Asked: 2016-01-27 17:04:56

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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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BUS 401 7. Wheeler Corporation had retained earnings as of 12/31/10 of $15 million. During 2011, Wheeler's net income w

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...nd of 2011 was equal to $20 million. Therefore, (Points : 1) Wheeler paid a dividend...

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