FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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76) ABC had the following net income (loss) the first three years of operation: $7,100, ($1,600), and
$3,600. If the Retained Earnings balance at the end of year three is $1,100, what was the total
amount of dividends paid over these three years?
A) $8,000.
B) $500.
C) $0.
D) $9,100.
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Transcribed Image Text:76) ABC had the following net income (loss) the first three years of operation: $7,100, ($1,600), and $3,600. If the Retained Earnings balance at the end of year three is $1,100, what was the total amount of dividends paid over these three years? A) $8,000. B) $500. C) $0. D) $9,100.
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