Question
Fashion, Inc. had a Retained Earnings balance of $14,000 at December 31, 2021. The company had an average income of $7,500 over the next 3
Fashion, Inc. had a Retained Earnings balance of $14,000 at December 31, 2021. The company had an average income of $7,500 over the next 3 years, and an ending Retained Earnings balance of $13,000 at December 31, 2024. What was the total amount of dividends paid over the last three years?
Multiple Choice
a $26,500.
b $23,500.
c $25,000.
d $22,750.
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Cost And Management Accounting An Introduction
Authors: Colin Drury
7th Edition
1408032139, 978-1408032138
