Question
13. On Jan. 1, 2011 Finkbine Corp. had $495,000 of retained earnings. Finkbine reported $893,000 of net income for 2011. On Dec. 31, 2011 the
13. On Jan. 1, 2011 Finkbine Corp. had $495,000 of retained earnings. Finkbine reported $893,000 of net income for 2011. On Dec. 31, 2011 the balance in retained earnings was $1,137,000. What amount of dividends were declared during 2011?
A. $251,000
B. $244,000
C. $398,000
D. $642,000
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
4th edition
978-0134125053, 9780134114781, 134125053, 134114787, 978-0134436111
