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Faber Inc. has a balance in Retained Eamings at December 31, 2021 of $980,000 At December 31, 2022 the balance was $761,000. Net income
Faber Inc. has a balance in Retained Eamings at December 31, 2021 of $980,000 At December 31, 2022 the balance was $761,000. Net income for 2022 was $203.000. A stock dividend was declared and debituted in 2022 which increased contributed capital by $376,000. A cash dividend was also declared and paid in 2022 What was the amount of the cash dividend? Ca. $83,000 Ob. $512,000 $376,000 Od $130,000 Oe $219,000
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