The year-end 2021 balance sheet of Brandex Incorporated listed common stock and other paid-in capital at $2,600,000 and retained earnings at $4,900,000. The next year, retained earnings were listed at $5,200,000. The firm's net income in 2022 was $1,050,000. There were no stock repurchases during the year. What were the dividends paid by the firm in 2022?

Answer rating: 100% (QA)

To determine the dividends paid by the firm in 2022 we need to calculate the change in retained earn... View the full answer