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Homework Answers
Answer:
Option b) is correct. i.e $129,000.
| Calculation...... | |
| Butler corp.s | Amount($) |
| 2009, | |
| Retained earnings A | 4,35,000 |
| Net income B | 2,95,000 |
| Retained earnings end (A+B) | 7,30,000 |
| 2010, | |
| Retained earnings, | 5,73,000 |
| Dividends declared (730,000-573000) | 1,57,000 |
| Dividends declared(Total) (C) | 1,57,000 |
| Less: Stock Dividend (D) | 28,000 |
| Cash dividend (E=C-D) | 1,29,000 |
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