A company's starting retained earnings balance was $1328424. It had a net profit of $509389 for the year, and stockholders contributed an extra $613909 for shares. Retained profits had an ending amount of $1645010. How much in dividends did the corporation distribute throughout the course of the year? Choose one: a. $192803 b. $0 c. $806712 d. $104520

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter3: Review Of A Company's Accounting System
Section: Chapter Questions
Problem 9RE: For the current year, Vidalia Company reported revenues of 250,000 and expenses of 225,000. At the...
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A company's starting retained earnings balance was $1328424. It had a net profit of $509389 for the year, and stockholders contributed an extra $613909 for shares. Retained profits had an ending amount of $1645010. How much in dividends did the corporation distribute throughout the course of the year?

Choose one:
a. $192803
b. $0
c. $806712
d. $104520 

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