Question
On 12/31/21, Yuan Manufactures reported retained earnings of $503,000 on its balance sheet. Its net income during the year was reported as $136,000. The
On 12/31/21, Yuan Manufactures reported retained earnings of $503,000 on its balance sheet. Its net income during the year was reported as $136,000. The company had reported retained earnings of $445,700 on its balance sheet the year before, at 12/31/20. No shares were repurchased during 2021. How much in dividends did the firm pay during 2021? A $78,700 B $53,900 $55,700 D $60,900 E $71,100
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
3rd edition
978-0078025549
