On the Brandex Inc. SFP as the year-end 2013 the share capital was $1,100,000, retained earnings were

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On the Brandex Inc. SFP as the year-end 2013 the share capital was $1,100,000, retained earnings were $3,000,000, accumulated other comprehensive income was $400,000, and total equity was $4,500,000. Year-end 2014 SFP retained earnings were $3,300,000. In 2014 net earnings were $900,000 and other comprehensive income was $0. There were no stock repurchases or stock issues during the year. What were dividends paid by the firm in 2014?
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Fundamentals of Corporate Finance

ISBN: 978-1259024962

6th Canadian edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim

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