Answer:
$51 million
Explanation:
The movement or difference between the opening and closing retained earnings is the net in the dividends paid and the net income for the year.
Given
net income = $41 million
Opening retained earnings = $675 million
closing retained earnings = $665 million
Dividend paid = p
$675 million + $41 million - p = $665 million
p = $675 million + $41 million - $665 million
p = $51 million
Dividend paid to shareholders is $51 million
Answer:tryst me its G
Explanation: I know trust me
Answer:
$8,600
Explanation:
The net income year 1 was $21,200
The dividend paid in year 1 was $12,600
Therefore the retained earnings at the end of year 1 can be calculated as follows
= beginning retained earnings + net income - Dividend
= $0 + $21,200-$12,600
= $21,200 - $12,600
= $8,600
Hence the retained earnings at the end of year 1 is $8,600
