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On its 2021 balance sheet, Columbus Lumber showed a balance of retained earnings equal to $510 million. On its 2022 balance sheet, the balance of
On its 2021 balance sheet, Columbus Lumber showed a balance of retained earnings equal to $510 million. On its 2022 balance sheet, the balance of retained earnings was also equal to $510 million. Which of the following statements is most correct? Question options: The company did not pay a dividend in 2022. If the company's net income in 2022 was $200 million, dividends paid must have also equaled $200 million. The company did not pay any taxes in 2022 If the company lost money in 2022, they must have paid a dividend. The company must have had net income equal to zero in 2022
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