Multiple Choice
Rock Springs Company has Beginning retained earnings of $600,000, earns a net income of $150,000, and has an Ending retained earnings balance of $736,000 during the period.
The amount which Rock Springs paid in dividends must have been:
A) $ 8,000
B) $150,000
C) $ 14,000
D) $136,000
Correct Answer:
Verified
Correct Answer:
Verified
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