Business, 15.04.2020 04:55, madscharcks00

Fashion, Inc. had a Retained Earnings balance of $13,000 at December 31, 2018. The company had an average annual income of $6,500 over the next 3 years, and an ending Retained Earnings balance of $13,000 at December 31, 2021. What was the total amount of dividends paid over the last three years?

1.$18,750.
2.$19,500.
3.$21,000.
4.$22,500.

Answers: 2

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Fashion, Inc. had a Retained Earnings balance of $13,000 at December 31, 2018. The company had an av...