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Company reports the following information for 2020. 12/31/2019 Dividend Payable Account Balance = $10 12/31/2020 Dividend Payable Account Balance = $0 12/31/2019 Retained Earnings Account
Company reports the following information for 2020.
- 12/31/2019 Dividend Payable Account Balance = $10
- 12/31/2020 Dividend Payable Account Balance = $0
- 12/31/2019 Retained Earnings Account Balance = $175
- 12/31/2020 Retained Earnings Account Balance = $225
- Net Income was $85 for 2020.
- All other dividend related transactions were cash transactions.
Provide the cash dividend payments for 2020.
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Principles Of Accounting
Authors: Steven M. Bragg
1st Edition
1642210773, 978-1642210774
