Question
Jackson Company reported retained earnings of $1,000,000 at the beginning of the year and $1,650,000 at year end. Over the year, Jackson's dividends payable account
Jackson Company reported retained earnings of $1,000,000 at the beginning of the year and $1,650,000 at year end. Over the year, Jackson's dividends payable account decreased $30,000. Assuming net income was $800,000, how much did Jackson pay its shareholders during the year?
Group of answer choices
$180,000.
$150,000.
$30,000.
Baker Corporation reported sales of $90,000 for the current year. If accounts receivable increased $12,000 during the year and unearned revenue decreased $2,000 during the year, cash collected from sales was
Group of answer choices
$76,000.
$78,000.
$90,000.
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