Rugby rocks inc had a retained earnings balance of 12000 at, Ask an Expert

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Rugby Rocks, Inc. had a Retained Earnings balance of $12,000 at December 31, 2010. The company had an average income of $7,500 over the next 3 years, and an ending Retained Earnings balance of $15,000 at December 31, 2013. What was the total amount of dividends paid over the last three years?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9972303

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