Beginning retained earnings was $34,400.Ending retained earnings was $61,600 and net income was $36,000.Cash paid as dividends was_____.

Name: Beginning retained earnings was $34,400.Ending retained earnings was $61,600 and net income was $36,000.Cash paid as dividends was_____.
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Question

Quizplus · Accepted Answer

Retained Earnings = Beginning Retained Earnings + Net Income - Dividends
Using the given values, we can calculate:
61,600 = 34,400 + 36,000 - Dividends
Dividends = 8,800
Therefore, the cash paid as dividends was $8,800.

Beginning Retained Earnings Was $34,400