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Could you solve clearly? Thanks a lot!! 12. Butler Corp.'s Retained Earnings balance at the end of 2009 and 2010 was $435,000 and $573,000, respectively.
Could you solve clearly? Thanks a lot!!
12. Butler Corp.'s Retained Earnings balance at the end of 2009 and 2010 was $435,000 and $573,000, respectively. During 2010, Butler's net income was $295,000. Both cash and stock dividends were declared and settled during 2010. The total stock dividend was $28,000. During 2010, how much cash did Butler use for dividends? a. $28,000 4350oo-573000 - - 136ooot: b. $129.000 S757.000 157oooStep by Step Solution
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