Solution-At the end of the year the firm has retained

At the end of the year the firm has retained earnings of

Reference no: EM13570843

Bridgewater Furniture has sales of $811,000, costs of $658,000, and interest paid of $21,800. The depreciation expense if $56,100 and the tax rate is 34 percent. At the beginning of the year, the firm had retained earnings of $318,300 and common stock of $250,000. At the end of the year, the firm has retained earnings of $322,500 and common stock of $280,000. What is the amount of the dividends paid for the year? $15,266 $19,466 $31,566 $41,066 $45,366

Reference no: EM13570843

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At the end of the year the firm has retained earnings of

Reference no: EM13570843

Reference no: EM13570843

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