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Q6 asap plzz On 12/31/2020, Heaton Industries Inc. reported retained earnings of $550,000 on its balance sheet, and it reported that it had $172,500 of
Q6 asap plzz
On 12/31/2020, Heaton Industries Inc. reported retained earnings of $550,000 on its balance sheet, and it reported that it had $172,500 of net income during the year. Om its previous balance sheet at 12/31/2019, the company had reported $555.000 of retained earnings. No shares were repurchased during 2020. How much in dividends did Heaton pay during 2020? Select the correct answer. O a. 5177,500 b. 5177,632 O c. $177,566 O d. $177,698 O $177,764 Step by Step Solution
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