NotExist Inc. reports the following dollar balances in its retained earnings account. 2020 $4,600 million 2021 $4,200 million NonExist Inc. also reports the following dollar amount of net income (loss). 2020 $400 million 2021 ($200) million What amount of dividends, if any, did NotExist pay to its shareholders in 2021? (Assume there is no other transactions affect retained earnings.)

NotExist Inc. reports the following dollar balances in its retained earnings account. 2020 $4,600 million 2021 $4,200 million NonExist Inc. also reports the following dollar amount of net income (loss). 2020 $400 million 2021 ($200) million What amount of dividends, if any, did NotExist pay to its shareholders in 2021? (Assume there is no other transactions affect retained earnings.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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