Business professionals often use the acronym SMART to describe good business goals. What does the acronym stand for? The acronym
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Answer:
Dividend paid in current year = $6,898
Explanation:
Calculating net profit
Sales = $818,790
Less: Costs = $748,330
Less: Interest = $24,450
Less: Depreciation = $56,100
Earning before taxes = Loss (10,090)
Tax benefits = $10,090 34% = $3,431
Net losses = $10,090 - $3,431 = $6,659
Opening retained earnings = $172,270 Less: Losses for the year = $6,659
Balance = $165,611
Less: Closing balance = $158,713 = $6,898
Thus<u> amount of dividend paid in current year = $6,898</u>
Change in value of common stock will not be considered.