Business
Business, 24.03.2020 01:21, helpmeplzandty

The balance in retained earnings on December 31, 2017, was $1435000 and on December 31, 2018, it was $1160000. Net income for 2018 was $1093000. A stock dividend was declared and distributed which increased common stock $495000 and paid-in capital $119000. A cash dividend was declared and paid.
The amount of the cash dividend was
a. $496,000.
b. $556,000.
c. $776,000.
d. $1,276,000.

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Answers: 3

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The balance in retained earnings on December 31, 2017, was $1435000 and on December 31, 2018, it was...

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