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tqstudent
Jan 23, 2011, 08:23 AM
Apple Company began 2010 with net assets of $80,000. Net income calculated by using the capital maintenance concept was $21,000. During 2010 owners contributed $26,000 of new capital. By year-end, the net assets totaled $78,000. Dividends to the owners during 2010 were?
How do I calculate dividend with this information provided?