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    Dividend Paid Calculation

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    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'?

    © BrainMass Inc. brainmass.com October 10, 2019, 1:52 am ad1c9bdddf
    https://brainmass.com/business/accounting-for-corporations/dividend-paid-calculation-352447

    Solution Summary

    The solution provides an example on how to calculate dividend when retained earning balance, net income are given.

    $2.19