Question
Beginning and ending Retained Earnings for Pacific Imports Ltd. were $512900 and $820,000 respectively. Net income for the year was $450,000. Stock dividends were $60,000.
Beginning and ending Retained Earnings for Pacific Imports Ltd. were $512900 and $820,000 respectively. Net income for the year was $450,000. Stock dividends were $60,000.
Required:
How much were Pacific Import Ltd.'s cash dividends for the year?
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Skills For Accounting And Auditing Research
Authors: Shelby Collins
2nd Edition
1618530747, 9781618530745
