Dividend Paid Calculation
Mikes Meats reports retained earning for 2005 as $490,000. On its 2006 financial statement it reports $60,000 of net income and it ended 2006 with $510,000 of retained earnings.
How much was paid as dividends to share holders in 06'?
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Solution Summary
The solution provides an example on how to calculate dividend when retained earning balance, net income are given.
$2.19