Answered

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A firm has beginning retained earnings of $6,880 and ending retained earnings of $7,430. What is the amount of dividends paid if the firm earned a net income of $5,130

Sagot :

Answer:

the dividend paid is $4,580

Explanation:

The computation of the amount of the dividend paid is as follows:

As we know that

Ending retained earning balance = Beginning retained earning balance + net income - dividend paid

$7,430 = $6,880 + $5,130 - dividend paid

So, the dividend paid is $4,580

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