A firm's year-end retained earnings balances are $320,000 and $400,000, for 2014 and 2015 respectively. The firm reported net profits after taxes of $100,000 in 2015. The firm's dividend payment for 2015 is ________.
A) $0
B) $20,000
C) $80,000
D) $100,000
Correct Answer:
Verified
Q49: Firm ABC had operating profits of $100,000,
Q50: When preparing the retained earnings statement, _
Q51: Which of the following is a fixed
Q52: The statement of cash flows _.
A) shows
Q53: The _ represents a summary statement of
Q55: Which of the following represents a current
Q56: A firm's year-end retained earnings balances are
Q57: Operating profit is known as _.
A) earnings
Q58: Earnings available for common stockholders is calculated
Q59: A firm has a year-end retained earnings
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