Multiple Choice
A firm has year end 2001 and 2002 retained earnings balances of $670,000 and $560,000, respectively. The firm reported net profits after taxes of $100,000 in 2002. The firm paid dividends in 2002 of__________ .
A) $210,000
B) $110,000
C) $100,000
D) $10,000
Correct Answer:
Verified
Correct Answer:
Verified
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