A firm’s year-end retained earnings balances are $320,000 and $400,000
A firm’s year-end retained earnings balances are $320,000 and $400,000, for 2014 and 2015 respectively. The firm reported net profits after taxes of $100,000 in 2015. The firm’s dividend payment for 2015 is ________.
A) $0
B) $20,000
C) $80,000
D) $100,000
ANSWER
B
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