InstaChat Company had a beginning retained earnings balance of $80,000 and an ending retained earnings balance...

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InstaChat Company had a beginning retained earnings balance of $80,000 and an ending retained earnings balance of $60,000. In the current period the company had revenues of $110,000 and expenses of $50,000. What amount of cash dividends must have been paid during the current period? Answer: InstaChat Company had a beginning retained earnings balance of $80,000 and an ending retained earnings balance of $60,000. In the current period the company had revenues of $110,000 and expenses of $50,000. What amount of cash dividends must have been paid during the current period? Answer:

Answer rating: 100% (QA)

The amount of cash dividends paid during the current perio... View the full answer