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  3. Study Set
    Introduction to Management Accounting
  4. Exam
    Exam 16: Understanding Corporate Annual Reports: Basic Financial Statements
  5. Question
    Beginning Retained Earnings Was $34,000
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Beginning Retained Earnings Was $34,000

Question 3

Question 3

Multiple Choice

Beginning retained earnings was $34,000.Ending retained earnings was $61,600 and net income was $36,000.What amount of dividends was declared?


A) $1,200
B) $8,400
C) $30,000
D) $36,000

Correct Answer:

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