Answered: For the year , movers United has net…

For the year , movers United has net income of $31,800 , net new equity of $7,500 , and an additional to retained earnings of $24,200. What is the amount of dividends paid?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 6P: In its most recent financial statements, Del-Castillo Inc. reported 70 million of net income and 900...

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Question

For the year , movers United has net income of $31,800 , net new equity of $7,500 , and an additional to retained earnings of $24,200.

What is the amount of dividends paid?

Definition Definition Remaining net income of the company after the required dividends are paid to shareholders. This surplus money is usually invested back into the business to expand its business operations or launch a new product.

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