Problemat the end of 2011 mardle inc reported retained, Ask an Expert

Accounting

Problem:

At the end of 2011 Mardle Inc. reported retained earnings of $1,256 . At the end of 2012, the retained earnings were $4,642.

Required:

Question: If Mardle Inc. had net income of $4,120 in 2012, what was the amount of dividends paid by Mardle in 2012?

Note: Show supporting computations in good form.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91171635

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