The retained earnings balance was $22,900 on January 1. Net income for the year was $18,100. If retained earnings had a credit balance of $23,800 after year-end entries were made, and if additional shares of $5,200 were issued during the year, what was the amount of dividends declared during the year?

Answer rating: 100% (QA)

Retained Mer Ending balance earning i come 18 100 Retained earning 22900 bala... View the full answer