8) Given the information below about David Corporation, What was the amount of d
ID: 2358528 • Letter: 8
Question
8) Given the information below about David Corporation, What was the amount of dividends the company paid in the current period?
9) Given the information below about Thomas Corporation, What was the amount of dividends the company paid in the current period?
10) Nina Corp. had the following net income (loss) the first three years of operation: $6,900, ($1,600), and $3,100. If the Retained Earnings balance at the end of year three is $1,100, what was the total amount of dividends paid over these three years?
Explanation / Answer
8) 33,000 9) 32,000 10) Beg Ret Earnings - 0 Year 1 NI 6,900 Year 2 NL (1,600) Year 3 NI 3,100 Dividend paid (7,300) End Ret Earnings 1,100
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