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Given the Information Below About Thomas Corporation, What Was the Amount

question 63

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Given the information below about Thomas Corporation, what was the amount of dividends the company paid in the current period?  Beginning retained earnings $54,000 Ending retained earnings $110,000 Decrease in cash $10,000 Net income $84,000 Change in stockholders’ equity $15,000\begin{array} { | l | r | } \hline \text { Beginning retained earnings } & \$ 54,000 \\\hline \text { Ending retained earnings } & \$ 110,000 \\\hline \text { Decrease in cash } & \$ 10,000 \\\hline \text { Net income } & \$ 84,000 \\\hline \text { Change in stockholders' equity } & \$ 15,000 \\\hline\end{array}


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