The income statement for 2018 shows sale revenue of 400, depreciation of 50, net income of 50.
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The income statement for 2018 shows sale revenue of 400, depreciation of 50, net income of 50. If the dividend payout ratio was 20%, how much did retained earnings increase on the year-end balance sheet?
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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