Question

Given the information below about Thomas Corporation, what was the amount of dividends the company paid in the current period?


Beginning retained earnings $54,000
Ending retained earnings $110,000
Decrease in cash $10,000
Net income $84,000
Change in stockholders equity $15,000

a. $13,000.

b. $110,000.

c. $28,000.

d. $18,000.

Answer

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