amount of Dividends declared during the current period?

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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Given the information below for ATH Corp., what was the amount of Dividends declared during the current period? 

Beginning Retained Earnings = $150,000.

Increase in Cash = $40,000.

Ending Retained Earnings = $200,000.

Issuance of Common Stock = $50,000.

Net Income = $160,000.


 

Select one:
a. $110,000
b. $90,000
c. $150,000
d. $200,000
e. $60,000
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