Question
a firm had year end retained earnings balances of $670,000 in 2004 and $560,000 in 2005.The firm reported net profits after taxes of $100,000 in
a firm had year end retained earnings balances of $670,000 in 2004 and $560,000 in 2005.The firm reported net profits after taxes of $100,000 in 2005.The firm paid how much in dividends in 2005?
a.$110,000
b.$210,000
c.$100,000
d.$10,000
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
9th edition
125956455X, 978-1259564550
