Question
On December 31, 2010, the Balance Sheet of Company X showed Retained Earnings of $1,000,000. On December 31, 2011, the Balance Sheet of Company X
On December 31, 2010, the Balance Sheet of Company X showed Retained Earnings of $1,000,000. On December 31, 2011, the Balance Sheet of Company X showed Retained Earnings of $1,300,000. Company X reported net income of $500,000 for the year ending December 31, 2011. How much did company X pay out in dividends to its shareholders.
| A. | $800,000 | |
| B. | $500,000 | |
| C. | $300,000 | |
| D. | $200,000 |
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Global Finance And The Macroeconomy
Authors: A. Makin
1st Edition
0333736982, 978-0333736982
