At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Get detailed and precise answers to your questions from a dedicated community of experts on our Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
Answer:
See below
Explanation:
The above is an incomplete question, however, from a similar question values of beginning retained earnings, ending retained earnings were given to compute the dividend paid.
Given that;
Beginning retained earnings = $700 million
Ending retained earnings = $450 million
Net income = $1,516 million
Closing retained earning = Beginning retained earning + Net income - Dividends paid
$450 = $700 + $1,516 - Dividends paid
$450 = $2,216 - Dividends paid
Dividends paid = $1,766
Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.