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Below is information related to retained earnings for five independent situations. Calculate the answer to each. 1. A company reports an increase in retained earnings
Below is information related to retained earnings for five independent situations. Calculate the answer to each. 1. A company reports an increase in retained earnings of $3,470 and net income of $4,530. What is the amount of dividends? 2. A company reports beginning retained earnings of $2,380, net income of $960, and $150 dividends. What is the amount of ending retained earnings? 3. A company reports an increase in retained earnings of $1,730 and dividends of $1,220. What is the amount of net income? 4. A company reports ending retained earnings of $2,870, net income of $1,420, and dividends of $600. What is the amount of beginning retained earnings? 5. A company reports an increase in retained earnings of $720 and net income of $1,410. What is the amount of dividends? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Dividends A company reports an increase in retained earnings of $3,470 and net income of $4,530. What is the amount of dividends? Required 5
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