Yulan,Inc has beginning Retained Earnings of $22,000,ending Retained Earnings of $32,000,and net income of $15,000.What was the amount of dividends declared during the year?

Question

Quizplus · Accepted Answer

The change in Retained Earnings is $10,000 ($32,000 - $22,000). Since the net income is $15,000, the dividends declared must be $5,000 ($15,000 - $10,000).

Yulan,Inc Has Beginning Retained Earnings of $22,000,ending Retained Earnings of $32,000,and