Question
Kennedy Ltd. started the year with $618000 in total assets and $554000 in total liabilities. During the year, assets increased by $55000 and liabilities decreased
Kennedy Ltd. started the year with $618000 in total assets and $554000 in total liabilities. During the year, assets increased by $55000 and liabilities decreased by $7000.
During the year, the owners contributed $15000, and the company earned $643000 in revenues and incurred $586000 in expenses.
How much did the company pay in dividends during the year?
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
3rd Edition
0136070736, 978-0136070733
