A Firm Has Beginning Retained Earnings of $4,200 and Ending

question 35

Multiple Choice

A firm has beginning retained earnings of $4,200 and ending retained earnings of $4,650.What is the amount of dividends paid if the firm earned a net income of $1,950?

• A)$450
• B)$1,950
• C)$2,400
• D)$1,500
• E)$900

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Definitions:

Annoyed

Feeling irritated or bothered by something or someone.

Psychoticism

A personality pattern typified by aggressiveness, impulsivity, and a lack of empathy, often associated with the risk of developing psychotic disorders.

Egocentric

A characteristic where an individual is excessively focused on their own needs and viewpoints, disregarding others' perspectives.

Aggressive

Behavior characterized by the intention to harm or assert dominance over another.