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Below is information related to retained earnings for five independent situations.Calculate the answer to each.
1.A company reports an increase in retained earnings of $3,200 and net income of $4,800.What is the amount of dividends?
2.A company reports beginning retained earnings of $1,800,net income of $1,200,and $200 dividends.What is the amount of ending retained earnings?
3.A company reports an increase in retained earnings of $2,500 and dividends of $1,500.What is the amount of net income?
4.A company reports ending retained earnings of $2,700,net income of $900,and dividends of $500.What is the amount of beginning retained earnings?
5.A company reports an increase in retained earnings of $500 and net income of $1,200.What is the amount of dividends?
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