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Charlie Co. has Dec 31 Retained earnings of $2,000,000, Net income of $1,400,000 and Beginning Retained earnings of $675,000. Calculate Cash dividends: a. $0 b.
Charlie Co. has Dec 31 Retained earnings of $2,000,000, Net income of $1,400,000 and Beginning Retained earnings of $675,000. Calculate Cash dividends:
| a. $0
| ||
| b. $75,000
| ||
| c. $50,000
| ||
| d. only applicable after threshold
|
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