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  • May 2, 2009, 03:30 PM
    sirekiya
    Calculate dividends from retained earnings and net income
    Retained earnings for 2005v were $490,000. In 2006 $60,000 was reported of net income, and it ended 2006 with $510,000 of retained earnings. How much were paid as dividends to shareholders during 2006
  • May 3, 2009, 03:40 AM
    ROLCAM

    Retained earnings for 2005v were $490,000. In 2006 $60,000 was reported of net income, and it ended 2006 with $510,000 of retained earnings. How much were paid as dividends to shareholders during 2006 ?

    1) 490,000
    2) 60,000 +
    __________
    3) 550,000
    4) 510,000 -

    _________

    5) 40,000 DIVIDENDS.
    ==========

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