Davis Ltd.’s total assets and total liabilities were $27,000 and $18,000 respectively at the beginning of the current year, and $31,000 and $20,000 respectively at the end of the current year. If the company issued no common shares during the year and earned $4,000 in net income, how much did it declare in dividends?

Answer rating: 100% (QA)

To find out how much Davis Ltd declared in dividends we need to calculate the change in retaine... View the full answer