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Parrish 1-3 #3I need the equation to solve how to find the amount of Dividends declaredRevenue for 2028 $5000Dividends delcared in 2028 is UnkownExpneses for 2028 $4000RE 1/1 $8000RE 12/31 $3000Please specific and detailed any tell why and how you are arriving at the answer for the missing amount of Dividends declared.

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Asked Nov 14, 2019

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Parrish 1-3 #3

I need the equation to solve how to find the amount of Dividends declared

Revenue for 2028 $5000

Dividends delcared in 2028 is Unkown

Expneses for 2028 $4000

RE 1/1 $8000

RE 12/31 $3000

Please specific and detailed any tell why and how you are arriving at the answer for the missing amount of Dividends declared.

Expert Answer

Step 1

Retained earnings: Retained earnings are that portion of profits which are earned by a company but not distributed to stockholders in the form of dividends. These earnings are retained for various purposes like expansion activities or funding any future plans.

Dividends: ...

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