A Firm's Year-End Retained Earnings Balance Are $670,000 and $560,000

question 42

Multiple Choice

A firm's year-end retained earnings balance are $670,000 and $560,000 for 2018 and 2019,respectively.The firm reported net profits after taxes of $100,000 in 2019.The firm paid dividends of ________ in 2019.

• A)$10,000
• B)$100,000
• C)$110,000
• D)$210,000

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Definitions:

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