Question

Nina Corp. had the following net income (loss) the first three years of operation: $7,100, ($1,600), and $3,600. If the Retained Earnings balance at the end of year three is $1,100, what was the total amount of dividends paid over these three years?

a. $500.

b. $0.

c. $9,100.

d. $8,000.

Answer

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