MLM Enterprises has net income of $984,interest expense of $146,sales of $6,320,addition to retained earnings of $495,selling and general expenses of $1,210,and depreciation of $1,140.What is the amount of dividends paid if the tax rate is 34 percent?
A) $1,479
B) $1,162
C) $489
D) $507
E) $783
Correct Answer:
Verified
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