ABC had the following net income (loss) the first three years of operation: $7,000, ($1,600), and $3,600. If the Retained Earnings balance at the end of year three is $1,000, what was the total amount of dividends paid over these three years? (just type numbers)

ABC had the following net income (loss) the first three years of operation: $7,000, ($1,600), and $3,600. If the Retained Earnings balance at the end of year three is $1,000, what was the total amount of dividends paid over these three years? (just type numbers)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 18EB: Tart Restaurant Holdings, Incorporated began the year with a retained earnings balance of $950,000....

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Question

ABC had the following net income (loss) the first three years of operation:
$7,000,
($1,600), and
$3,600.
If the Retained Earnings balance at the end of year three is $1,000, what was the total amount of dividends paid over these three years? (just
type numbers)

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