Question
Bean Products Company reported total retained earnings at December 31, Year 2 of $113,500. It provided the following information for Year 1 and Year 2:
Bean Products Company reported total retained earnings at December 31, Year 2 of $113,500. It provided the following information for Year 1 and Year 2:
|
| Year 2 | Year 1 |
| Retained earnings (beginning) | $132,500 | $62,500 |
| Revenues | 446,000 | 435,000 |
| Expenses | 370,000 | 312,500 |
| Dividends | ? | 52,500 |
How much dividends did the company pay in Year 2?
Select one:
A. $ 95,000
B. $145,000
C. $ 76,000
D. $135,000
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Information Technology Auditing An Evolving Agenda
Authors: Jagdish Pathak
1st Edition
3642060579, 978-3642060571
