Question
ABC Company had a Retained Earnings balance of $15,000 at December 31, 2021. The company had an average income of $7,500 over the next 2
ABC Company had a Retained Earnings balance of $15,000 at December 31, 2021. The company had an average income of $7,500 over the next 2 years, and an ending Retained Earnings balance of $14,000 at December 31, 2023. What was the total amount of dividends paid over the last two years?
Multiple Choice
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$16,000.
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$15,250.
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$19,000.
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$17,500.
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Count Down The Past, Present And Uncertain Future Of The Big Four Accounting Firms
Authors: Jim Peterson
2nd Edition
1787147010, 9781787147010
