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Please help! Thanks Below are amounts related to retained earnings reported by multiple companies. In each scenario, infer the missing amount. 1. Safari Corporation reports
Please help! Thanks
Below are amounts related to retained earnings reported by multiple companies. In each scenario, infer the missing amount. 1. Safari Corporation reports an increase in retained earnings of $2.10 million and net income of $4.70 million. What is the amount of dividends paid? 2. Franklin Industries reports an increase in retained earnings of $2.30 million and dividends paid of $1.50 million. What is the amount of net income? 3. Carson Incorporated reports beginning retained earnings of $1.82 million, net loss of $0.89 million, and $0 dividends. What is ending retained earnings? 4. Grayson Corporation reports ending retained earnings of $1.58 million, net income of $0.32 million, and dividends paid of $0.04 million. What is beginning retained earnings? 5. Channing Companies reports beginning retained earnings of $5.00 million, ending retained earnings of $6.49 million, and net income of $1.49 million. What is the amount of dividends paid? (Enter your answers in millions rounded to 2 decimal places. Negative amounts should be indicated by a minus sign.) 1. Dividends 2. Net income 3. Ending retained earnings 4. Beginning retained earnings 5. Dividends million million million million millionStep by Step Solution
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