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Johnson had a begining balance in retained earnings of $100,000. The ending balance is $80,000. Johnson's net income for the period was a LOSS of
Johnson had a begining balance in retained earnings of $100,000. The ending balance is $80,000. Johnson's net income for the period was a LOSS of $3,000. Johnson pays dividends as soon as they are declared. What amount of dividends did Johnson pay this period? a.)$17,000 b.) Johnson cannot pay dividends, because the company had a net LOSS c.)$20,000 d.) $23,000
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