Beginning equity for a company is 183, and ending equity is 200. The company sold stock in the amount of 115, and net income is 80. Given this information, how much did the company pay in dividends this year?

Beginning equity for a company is 183, and ending equity is 200. The company sold stock in the amount of 115, and net income is 80. Given this information, how much did the company pay in dividends this year?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Financial Accounting Question please answer

Beginning equity for a company is 183, and ending equity is
200. The company sold stock in the amount of 115, and net
income is 80. Given this information, how much did the
company pay in dividends this year?

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