Multiple Choice
A firm had year end 2004 and 2005 retained earnings balance of $670,000 and $560,000, respectively. The firm reported net profits after taxes of $100,000 in 2005. The firm paid dividends in 2005 of
A) $10,000.
B) $100,000.
C) $110,000.
D) $210,000.
Correct Answer:
Verified
Correct Answer:
Verified
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