Solution-What was the amount of dividends paid during the

What was the amount of dividends paid during the year

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Reference no: EM133130280

Question - Terps Company provided the following information for the year 2020:

Retained earnings, beginning balance: $147,000

Retained earnings, ending balance: $125,000

Dividends Payable, beginning balance: $84,000

Dividends Payable, ending balance: $95,000

If the company reported a net income of $78000 for the year, what was the amount of dividends paid during the year?

Reference no: EM133130280

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What was the amount of dividends paid during the year : If the company reported a net income of $78000 for the year, what was the amount of dividends paid during the year

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What was the amount of dividends paid during the year

Reference no: EM133130280

Reference no: EM133130280

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