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Beewell's net income for the year ended December 31, Year 2 was $203,000. Information from Beewell's comparative balance sheets is given below. Compute the cash
Beewell's net income for the year ended December 31, Year 2 was $203,000. Information from Beewell's comparative balance sheets is given below. Compute the cash paid for dividends during the year. At December 31 Common Stock, $5 par value: $ 518,000 Paid-in capital in excess of par: 966,000 Retained earnings: 706,000 Answer: a.) $96,800. b.) $107,800. c.) $148,600. d.) $95,200. e.) $51,800
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