Multiple Choice
The Phillip Edwards Co. has net income of $2,460 for the current year. During the year, the common stock account increased in value by $1,500 and retained earnings increased by $350. What is the amount the firm paid in dividends to its shareholders during the year?
A) $350
B) $380
C) $610
D) $2,110
E) $2,810
Correct Answer:
Verified
Correct Answer:
Verified
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