Which of the following statements is correct for a firm with 100,000 outstanding shares and earnings per share of $6 if retained earnings were just adjusted downward by $50,000?
A)A $5.50 dividend per share was paid
B)A $6.50 dividend per share was paid
C)net earnings equal $650,000
D)total dividends paid equal $50,000

Question

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The Answer of Which of the following statements is correct for a firm with 100,000 outstanding shares and earnings per share of $6 if retained earnings were just adjusted downward by $50,000?
A)A $5.50 dividend per share was paid
B)A $6.50 dividend per share was paid
C)net earnings equal $650,000
D)total dividends paid equal $50,000

Which of the Following Statements Is Correct for a Firm