I need help finding the dividends
Homework Answers
Dividends will be found out by the following equation:
Ending retained earnings = Beginning retained earnings + Net income - Dividends
Putting the given values in the above equation, we get,
$158000 = $125000 + $40000 - Dividends
$158000 = $165000 - Dividends
Dividends = $165000 - $158000
Dividends = $7000
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I need help finding the dividends
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