Below
is information related to retained earnings for five independent situations.
Calculate the answer to each.
1. A company reports an increase in retained earnings of $3,200 and net income of $4,800. What is the amount of dividends?
2. A company reports beginning retained earnings of $1,800, net income of $1,200, and $200 dividends. What is the amount of ending retained earnings?
3. A company reports an increase in retained earnings of $2,500 and dividends of $1,500. What is the amount of net income?
4. A company reports ending retained earnings of $2,700, net income of $900, and dividends of $500. What is the amount of beginning retained earnings?
5. A company reports an increase in retained earnings of $500 and net income of $1,200. What is the amount of dividends?
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1. A company reports an increase in retained earnings of $3,200 and net income of $4,800. What is the amount of dividends?
2. A company reports beginning retained earnings of $1,800, net income of $1,200, and $200 dividends. What is the amount of ending retained earnings?
3. A company reports an increase in retained earnings of $2,500 and dividends of $1,500. What is the amount of net income?
4. A company reports ending retained earnings of $2,700, net income of $900, and dividends of $500. What is the amount of beginning retained earnings?
5. A company reports an increase in retained earnings of $500 and net income of $1,200. What is the amount of dividends?
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