a. voting rights
b. distribution of assets in liquidation c. payment of dividends d.
B and C
25. Nonoperating items on a multiple−step income statement do NOT include ________.
a. gain from disposal of a fixed asset b. interest income c. selling expenses d. interest expense
26. Kranle Company had retained earnings of $ 88,000 and total stockholders ' equity of $ 125,000 at the beginning of 20X1. During 20X1 the company had net income of $ 18,000, declared and paid cash dividends of $ 10,000, and had other comprehensive income of $ 1,000. Kranle Company neither issued nor bought back shares in 20X1.
Requirement