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Finding dividends
Using the information below, calculate the amount of dividends Dean most likely paid to common stockholders in 2008, 2009, and 2010.
Retained Earnings balances Jan 01, 2008 $700 Dec 31, 2008 $890 Dec 31, 2009 $1,045 Dec 31, 2010 $1,010 Year Net Incomes. 2008 $250 2009 $225 2010 $40. I am thinking I have to solve by using (BER +/- Net Income - Dividends = ERA). But I can't seem to figure it quite out. I am only asking on how to calculate it on paper or a calculator. So would step 1 be $700 +/- 250 - Dividends = 890 >> 890-450 >> $440 for Dividends for the year 2008? |
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