Please answer both. This is part A and B The ending Retained Earnings balance of Lambert Inc, increased by $3.2 million from the beginning of the vear. The company's net income earned during the year is $9.6 million. What is theamount of dividends Lambert Inc, declared and paid?Multiple Choice$9.6 million.$3.2 million.$12.8 million.$6.4 million. A company purchases its Inventory from suppliers on account. During the year, its inventory account increased by $18 million and its accounts payable to suppliers decreased by $7 million. If cost of goods sold was $530 million, Its cashoutflows to Inventory suppliers totaled:Multiple Choice$541 million.$555 million.$505 million.$519 million.

The dividends paid by the company is recorded in the changes in the equity statement for a…

The ending Retained Earnìngs balance of Lambert Inc, increased by $3.2 million from the beginning of the vear. The company's net income earned during the year is $9.6 million. What is the amount of dividends Lambert Inc. declared and paid? Multiple Choice $9,6 million $3.2 million. $12.8 million. $6.4 million.

The ending Retained Earnìngs balance of Lambert Inc, increased by $3.2 million from the beginning of the vear. The company's net income earned during the year is $9.6 million. What is the amount of dividends Lambert Inc. declared and paid? Multiple Choice $9,6 million $3.2 million. $12.8 million. $6.4 million.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter3: The Basics Of Record Keeping And Financial Statement Preparation: Income Statement

Section: Chapter Questions

Problem 10E

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