Share
Explore BrainMass

Retained Earnings Multiple Choice

On 12/31/10, Heaton Industries Inc. reported retained earnings of $675,000 on its balance sheet, and it reported that it had $172,500 of net income during the year. On its previous balance sheet, at 12/31/09, the company had reported $555,000 of retained earnings. No shares were repurchased during 2010. How much in dividends did Heaton pay during 2010?

a. $47,381

b. $49,875

c. $52,500

d. $55,125

e. $57,881

Solution Preview

On 12/31/10, Heaton Industries Inc. reported retained earnings of $675,000 on its balance sheet, and it reported that it ...

Solution Summary

Solution helps in Retained earnings multiple choice

$2.19