Answered step by step
Verified Expert Solution
Question
1 Approved Answer
How do you calculate payment of cash dividends ? 2019 Retained earnings=587,606; Net Income3,155,908; 2020 Retained earnings= 398,140; NO dividends are showing to be paid.
How do you calculate payment of cash dividends?
2019 Retained earnings=587,606; Net Income3,155,908; 2020 Retained earnings= 398,140; NO dividends are showing to be paid.
I calculated 587606+3155908-398140 (but its wrong)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started