The following information relates to the Martinez Company for fiscal 2020: Beginning retained earnings......................$5,100,000 Ending retained earnings..............................4,100,000

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The following information relates to the Martinez Company for fiscal 2020:

Beginning retained earnings......................$5,100,000

Ending retained earnings..............................4,100,000

Net income for 2020......................................2,050,000

Required

Calculate the cash used to pay dividends.

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Managerial Accounting

ISBN: 9781119577720

7th Edition

Authors: James Jiambalvo

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Question Posted: Jun 24, 2020 01:22 AM

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The following information relates to the Martinez Company for fiscal 2020: Beginning retained earnings......................$5,100,000 Ending retained earnings..............................4,100,000

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Managerial Accounting

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