Multiple Choice
A company's retained earnings at the beginning and ending of the accounting period were $48,000 and $55,000,respectively.If the company had revenues of $61,000 and expenses of $50,000,the amount of cash dividends paid must have been
A) $2,000.
B) $9,000.
C) $3,000.
D) $4,000.
Correct Answer:
Verified
Correct Answer:
Verified
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