Multiple Choice
Mountain Company has Beginning retained earnings of $450,000, earns a net income of $112,500, and has an Ending retained earnings balance of $552,000 during the period.
The amount which Mountain paid in dividends must have been:
A) $ 6,000
B) $112,500
C) $ 10,500
D) $102,000
Correct Answer:
Verified
Correct Answer:
Verified
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