Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

On 9/30/2021, Apple Inc reported retained eamings of $5,562 million on its balance sheet, and it reported that it had $94,680 million of net income

On 9/30/2021, Apple Inc reported retained eamings of $5,562 million on its balance sheet, and it reported that it had $94,680 million of net income during the year. On its previous balance sheet, at 9/30/2020, the company had reported $14,966 million of retained earnings. No shares were repurchased during

2021. How much in dividends did Apple Inc pay during 2021?

Right answer is $85,276 but how?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions