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