74.
The following information is available for a company ($):
December 31, 2011: Total assets 100,000 Net income for the year 4,000 Dividends paid 0 Assets are equally financed with debt and equity 50% of the equity comes from contributed capital
December 31, 2012: Total assets 92,000 Net income (loss) for the year (3,000) No new debt or equity issued or repurchased In 2012, the company most likely: A. did not pay a dividend because it incurred a loss. B. paid a dividend of $5,000. C. paid a dividend of $1,000.
