paid dividends

paid dividends

A corporation had year end 2004 and 2005 retained earnings balances of $320,000 and $400,000, respectively. The firm reported net profits after taxes of $100,000 in 2005. The firm paid dividends in 2005 of ________.

1. 1. $100,000
2. 2. $20,000
3. 3. $80,000
4. 4. $0

paid dividends

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