ABC Company's retained earnings at the beginning and ending of the accounting period were $60,000 and...

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ABC Company's retained earnings at the beginning and ending of the accounting period were $60,000 and $50,000, respectively (i.e., it decreased by $10,000 over the period). If the company had revenues of $80,000 and expenses of $50,000, what amount of cash dividends must have been paid? ABC Company's retained earnings at the beginning and ending of the accounting period were $60,000 and $50,000, respectively (i.e., it decreased by $10,000 over the period). If the company had revenues of $80,000 and expenses of $50,000, what amount of cash dividends must have been paid?

Answer rating: 100% (QA)

Beginning retained earnings 60 000 Re ven ues 80 000 Exp en... View the full answer