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On 12/31/2013, Heaton Industries Inc. reported retained earnings of $540,000 on its balance sheet, and it reported that it had $138,000 of net income during
On 12/31/2013, Heaton Industries Inc. reported retained earnings of $540,000 on its balance sheet, and it reported that it had $138,000 of net income during the year. On its previous balance sheet, at 12/31/2012, the company had reported $444,000 of retained earnings. No shares were repurchased during 2013. How much in dividends did Heaton pay during 2013?
$47,381 | ||
$49,875 | ||
$32,500 | ||
$42,000 | ||
$57,881 |
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