On 12/31/2015,Heaton Industries Inc

question 1

Multiple Choice

On 12/31/2015,Heaton Industries Inc.reported retained earnings of $675,000 on its balance sheet,and it reported that it had $172,500 of net income during the year.On its previous balance sheet,at 12/31/2014,the company had reported $555,000 of retained earnings.No shares were repurchased during 2015.How much in dividends did Heaton pay during 2015?

• A) $47,381
• B) $49,875
• C) $52,500
• D) $55,125
• E) $57,881

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