The Home Store reported the following figures: Retained Earnings, February 1, 2017...........$18 million
Retained Earnings, February 1, 2016...........$19 million
The company's fiscal year ends on February 1 each year. Net income for the fiscal year ending February 1, 2017 is $22 million. What is the amount of dividends declared for the fiscal year ending February 1, 2017?
A) $19 million
B) $23 million
C) $3 million
D) $22 million
Correct Answer:
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