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On December 31, 2018, the Balance Sheet of Company a showed Retained Earnings of $900,000. On December 31, 2019, the Balance Sheet of Company A showed Retained Earnings of $700,000. Company A reported net income of $200,000 for the year ending December 31, 2019. How much did company A pay out in dividends to its shareholders. (A) $200,000 B $700,000 $400,000 D $900,000

On December 31, 2018, the Balance Sheet of Company a showed Retained Earnings of $900,000. On December 31, 2019, the Balance Sheet of Company A showed Retained Earnings of $700,000. Company A reported net income of $200,000 for the year ending December 31, 2019. How much did company A pay out in dividends to its shareholders. (A) $200,000 B $700,000 $400,000 D $900,000

FINANCIAL ACCOUNTING
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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On December 31, 2018, the Balance Sheet of Company a showed Retained Earnings of $900,000. On December 31, 2019, the Balance Sheet of Company A showed Retained Earnings of $700,000. Company A reported net income of $200,000 for the year ending December 31, 2019. How much did company A pay out in dividends to its shareholders. (A) $200,000 B $700,000 $400,000 D $900,000
Transcribed Image Text:On December 31, 2018, the Balance Sheet of Company a showed Retained Earnings of $900,000. On December 31, 2019, the Balance Sheet of Company A showed Retained Earnings of $700,000. Company A reported net income of $200,000 for the year ending December 31, 2019. How much did company A pay out in dividends to its shareholders. (A) $200,000 B $700,000 $400,000 D $900,000
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