The balance in Retained Earnings at the beginning of the year was $950,000, and there were no dividends in arrears. Net income for 2009 was $980,000. What was the amount of dividend declared on each share of common stock during 2009?
A) $2.50.
B) $2.08.
C) $2.00.
D) $2.68.
Correct Answer:
Verified
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