Question
At the beginning of the 2022 fiscal year, a firm has a Total assets balance of $917 and a Total liabilities balance of $602. During
At the beginning of the 2022 fiscal year, a firm has a Total assets balance of $917 and a Total liabilities balance of $602. During the 2022 fiscal year, the firm: recognizes Revenues of $568 on its Income Statement, recognizes Expenses of $533 on its Income Statement, issues $112 of Common stock, which is the only change to the contributed capital component of Shareholders equity, and increases its Accumulated other comprehensive income (AOCI) balance by $108. Finally, at the end of the 2022 fiscal year, the firm has a Total assets balance of $764 and a Total liabilities balance of $363. What is the dollar amount of dividends that the firm pays to its to shareholders during the 2022 fiscal year? Please provide a dollar amount.
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