Beginning equity for a company is 220, and ending equity is 250. The company sold stock in the amount of 130, and net income is 95. Given this information, how much did the company pay in dividends this year?

Beginning equity for a company is 220, and ending equity is 250. The company sold stock in the amount of 130, and net income is 95. 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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Question

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Please provide the solution to this financial accounting question using proper accounting principles.

Beginning equity for a company is 220, and
ending equity is 250. The company sold
stock in the amount of 130, and net
income is 95. Given this information, how
much did the company pay in dividends
this year?

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